Please note: Leeds Building Society only accepts mortgage applications from intermediaries where they are providing an advised sales service, with the exception of Buy to Let & Holiday Let applications. It is the responsibility of the intermediary to ensure that all applicable law including, without limitation, the Financial Conduct Authority rules on advised mortgage sales are complied with including, without limitation, the provision of adequate explanations.

News

Fraud isn’t always outrageous: how to spot the signs of mortgage fraud

With a financial scam committed on average every 15 seconds in the first six months of 2016 it’s safe to say that financial crime is as prevalent as ever.

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Best buy five year fix from Leeds Building Society

Leeds Building Society has launched a best buy five year fixed rate mortgage with £1,000 cashback.

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Why the future looks interesting for Interest Only

National Intermediary Development Manager Mark Collar discusses the growing appeal of Interest Only in the mortgage market and suggests the kinds of buyers likely to choose IO or Part & Part products

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Leeds improves criteria for lending into retirement

Leeds Building Society is improving criteria for lending into retirement to offer borrowers more choice.

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Don’t Waste It – the best things ever done in one hour !

The nights are getting darker and winter is well on the way, but on the 30th October the clocks go back, meaning you have a whole extra hour to play with this month.

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Don’t Waste It – make the most of your extra hour

There’s no getting away from it - winter is well on its way. The colder months are no fun, but with the clocks going back it does mean there is a whole extra hour to play with this month.

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Day in the life of a BDM: Louise Drummond

Louise Drummond

In July, our Business Development Manager for Scotland, Louise Drummond, beat off competition from over 150 individuals to win the Business Development category at the British Mortgage Awards. So, what does it take to be an award-winning Business Development Manager? We spoke to Louise to see what a typical day in her life looks like and why she thinks building relationships with brokers has been key to her success.

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The time is right for Interest Only

With new and innovative products available for Interest Only, the time is right for Intermediaries to reconsider this repayment type to best serve the needs of today’s borrowers writes Mark Collar, National Intermediary Development Manager.

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Leeds ups LTV on Interest Only

Increasing LTV (loan to value) from 50% to 60% on all Interest Only mortgages is the latest improvement to Leeds Building Society’s criteria on this type of lending.

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Longer term tenancies – what the changes mean for landlords and their tenants

Research has found that the average house hunter estimates they will be able to purchase their first property at 37, with a further 35% not intending to buy their own home at all.

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New maximum age for Leeds mortgage borrowers

Leeds Building Society is increasing its maximum age for residential mortgage applications from 75 to 80.

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£1,000 cashback is extra incentive with latest Leeds fixed rates

New two year fixed rate deals with £1,000 cashback are being added to Leeds Building Society’s mortgage range.

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Shared Ownership – is this the answer to the UK’s home ownership problem?

With home ownership dropping in major UK cities from 71% in 2003 to just under 64% in 2016 and millions still struggling to make their dream of home ownership a reality, could Shared Ownership be the answer in helping aspiring homeowners take that vital first step onto the housing ladder?

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Leeds passes on full 0.25% cut to borrowers

Leeds Building Society is reducing its standard variable rate (SVR) mortgage by 0.25% with effect from 1st September 2016.

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Help to Buy – how to get a handle on the scheme everybody’s talking about

Over 120,000 properties have been purchased using Help to Buy since it launched in 2013 and with 40% of all new build properties now sold through the scheme, it seems that Help to Buy is becoming the method of choice for those looking for a helping hand onto, or up, the housing ladder.

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More choice in Help to Buy mortgages from Leeds Building Society

Leeds Building Society has refreshed its competitive range of Help to Buy equity (HTB1) mortgages and extended the choice of fees assisted deals.

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We’re all going on a summer holiday… the essential facts on Holiday Lets

With UK short breaks on the rise and an estimated 73% of adults planning to take a break in the UK this year, owning a piece of property in one of the UK’s more idyllic corners is looking ever more appealing.

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Leeds five-year fix rated “outstanding”

Leeds Building Society’s latest five-year fixed rate mortgage has been rated “outstanding”.

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Leeds two-year fix rated "outstanding"

Leeds Building Society’s latest two-year fixed rate mortgage has been rated "outstanding".

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LIFT – what is it and what do brokers need to know?

With a variety of schemes under one umbrella term, it’s no surprise that Low-cost Initiative for First Time Buyers (LIFT) can get confusing. Launched by the Scottish Government to assist those looking to get a foot on the property ladder, the LIFT scheme includes two main types of shared equity schemes, as well as a Shared Ownership scheme which is currently being phased out. Here’s what you need to know about the schemes currently available under LIFT.

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Leeds volunteers mark dementia awareness week

Volunteers from Leeds Building Society’s North East branches marked Dementia Awareness Week by restoring a sensory garden at a day centre for people living with Alzheimer's.

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Right to Buy – fact vs fiction

While Right to Buy has been around since the 1980s , the Government plans to roll out the scheme to 1.3 million Housing Association properties (which is expected to come into effect soon) and the scheme is once again a hot topic. With Right to Buy back on the radar, we separate the facts from the fiction to keep brokers in the know.

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How can brokers get involved with the New Build market? Interview with James O’Reilly, Corporate Account Manager

In the first of our new series exploring the opportunities available to brokers in the New Build sector, we speak to James O’Reilly, our Corporate Account Manager, as he shares his thoughts on the current market and how brokers can take advantage of New Build business.

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Interest-only mortgages – the customers you need to look out for

Leeds Building Society accepts sale of property as a repayment method for certain interest-only cases, but is this method suitable for your interest only customer?

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Leeds Building Society offers new BTL mortgage with no ERCs

Leeds Building Society has extended its range of competitive Buy to Let mortgages by launching two new fixed rate mortgages without Early Redemption Charges (ERCs).

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New fees assisted competitive remortgage deals for Buy to Let homeowners

Leeds Building Society has launched two new competitive fixed rate deals for Buy to Let landlords looking to remortgage.

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More interest only mortgage choice at all loan sizes

Leeds Building Society has added to its range of interest only mortgages with new deals for larger loans of up to £1.25m*.

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Niche products, first time buyers and the whole package… What we learnt at FSE Glasgow.

The Financial Services Expo promises to provide a key space for financial services providers to showcase and learn about developments in the industry, and this year’s FSE Glasgow was no exception. It was fantastic to be on the ground chatting to intermediaries about the market, their own business and the trends they were seeing in the industry so far in 2016. Here’s what we learnt:

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Help to Buy Scotland – the facts brokers need to know

The new Help to Buy (Scotland) Affordable New Build scheme opened for applications on 1st March 2016 and many brokers were understandably curious about the scheme at FSE Glasgow last month.

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Interest only mortgages – could part and part mortgages work for your customers?

In the second of our series exploring the options open to customers who have taken out interest only mortgages, we look at an example of some customers who could benefit by switching to a part interest only and part repayment mortgage.

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Leeds criteria changes aid interest only borrowers

Improvements to its interest only mortgage range are enabling Leeds Building Society to help more under-served borrowers. The Society has continued to improve its lending criteria on part and part interest only mortgages and will now accept sale of property as a repayment strategy up to 75% LTV (loan to value).

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Myth busters - is shared ownership more expensive than renting?

In the third of our series exploring the myths surrounding shared ownership we discuss what the true price of shared ownership is and whether monthly repayments on these properties are really more expensive than renting.

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Leeds launches lowest ever 10 year fixed rate mortgage

Leeds Building Society is launching the lowest ever 10 year fixed rate mortgage - at 2.75% (according to Moneyfacts.co.uk records, 8th March 2016).

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Myth busters - is it hard to qualify for shared ownership?

In the fourth of our series exploring the myths surrounding shared ownership, we discuss whether it really is difficult to qualify for a shared ownership scheme, and what your customers need to know about eligibility.

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New high LTV mortgage from Leeds Building Society

A new high LTV fees assisted mortgage from Leeds Building Society will offer more choice for First Time Buyers and other borrowers with smaller deposits.

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Advising the self-employed - it’s easier than you think

With the number of self-employed in the UK hitting its highest level since records began in 2014 , brokers could be finding themselves with more self-employed customers than ever before.

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Myth busters - is shared ownership ‘real’ home ownership?

In the fifth and final blog in our series exploring the myths surrounding shared ownership, we bust the myth that shared ownership isn’t ‘real’ home ownership, and that the properties are harder to sell.

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What is in store for first time buyers in 2016?

As house price increases show no signs of abating, many first time buyers are choosing to take advantage of the low interest rate environment, with monthly payments as a percentage of income at a four-year low.

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Consumer buy-to-let is coming – are you ready?

With consumer buy-to-let coming into effect next month, Louisa Sedgwick, Head of Intermediary Distribution at Leeds Building Society, discusses what this new legislation means for the intermediary market.

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Five years of growth leads to record results for Leeds Building Society

Leeds Building Society has reported record results for 2015 as it celebrated sustained growth for the fifth consecutive year and helped more borrowers than ever before have the homes they want.

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Myth busters – are shared ownership properties always in less desirable areas?

In the second of our series exploring the myths around shared ownership, we look at the perception that sometimes exists around shared ownership properties being in less desirable areas.

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Interest only mortgages – advising customers on their options

In a post recession landscape, it can be hard to believe that only nine years ago interest only accounted for 30% of the mortgages taken out by first time buyers.

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Brokers welcome longer opening hours at Leeds Building Society

Intermediaries have responded positively to longer opening hours by Leeds Building Society’s mortgage service desk.

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Myth busters – are shared ownership mortgages difficult to place?

With the news that the Government is extending shared ownership schemes, mortgage brokers are going to be faced with a growing number of customers who want to take advantage of the increased access to shared ownership.

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What does 2016 hold for the mortgage market?

Big changes to Buy to Let, preparation for the Mortgage Credit Directive (MCD) and hints at upcoming interest rate rises: there’s no doubt that 2015 was a big year for the mortgage market.

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