News

We've changed our affordability assessment for Holiday Let mortgages

With summer well and truly upon us, and a likely surge in staycations in the next few months, some may be considering investing in a holiday let property. With this in mind, we've made key changes to how we assess affordability for Holiday Let mortgages.

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We’ve launched two new mortgages for the most energy efficient homes

Those who choose a ‘greener’ home may be able to take advantage of one of our new Green Mortgage products.

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Stamp duty holidays – your questions answered

Following the temporary stamp duty holiday, the government has lowered the stamp duty land tax threshold to £250,000. We want to keep you informed, therefore have updated our stamp duty FAQs to answer any questions you may have.

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New Build and Affordable Housing – what’s coming next?

We’re all aware of an acute shortage of housing in the UK, which has led to high levels of house price inflation in recent years. Estimates have put the number of new houses needed in England at 345,000 per year to tackle the backlog. In 2019/2020 housing stock increased by 244,000 so clearly we have a lot to do.

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Our half year financial results

We’re pleased to report a successful financial performance in the first half of 2021.

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Why Retirement Interest Only mortgages offer more flexibility to homeowners in their later years

The rise in property values has meant that, in many cases, a homeowners’ most valuable asset is their home. But for some, their later life income may not be as much as perhaps they thought it might be.

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Vote for Leeds Building Society in the Financial Adviser Service Awards

As a Society, we’re committed to providing a great service to you, so you can provide a great service to your customers. To do this, we’ve been developing our product range and innovating the ways you do business with us.

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Buy to Let and Holiday Let mortgages maximum LTV increased to 75%

With the holiday season upon us, we’ve some good news for Buy to Let (BTL) and Holiday Let landlords as we’re increasing our maximum loan to value (LTV) for these products to 75%.

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Digital developments: improving efficiency for you and your customers

It’s safe to say technology is becoming increasingly important for the mortgage industry. As more and more people turn to digital channels, efficient and intuitive online processes are vital for intermediaries and lenders alike. One advancement in technology leading to mortgage market transformation is the flow of data, and how different systems communicate with one another.

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Is now a good time to invest in a holiday let property?

When the coronavirus pandemic led to lockdown restrictions early last year, there was a great deal of uncertainty around the holiday let market. However, with many travellers now relying on staycations and lenders opening up more mortgage options, it’s a much more positive outlook for UK holiday lets.

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Exploring Retirement Interest Only

Retirement Interest Only (RIO) has been a popular talking point recently. Despite volumes not achieving what the FCA (Financial Conduct Authority) first predicted, there are signs that this part of the market still has room to grow and improve.

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We’re giving our intermediary service a boost

We’re linking Lender Connect from Iress to our online mortgage platform as we continue to upgrade digital capability to improve service for our intermediary partners.

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We’re suspending arrears fees until the end of 2021

We’re extending the suspension of arrears fees until the end of 2021 as we continue to support borrowers in financial difficulty.

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Leeds Building Society’s financial strength and mutual values key to 2020 success

The long-term financial strength of Leeds Building Society and its colleagues’ mutual values ensured robust profits and a strong performance in 2020, despite all the challenges posed by the pandemic.

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Remortgages and Product Transfers: how you can help your customers save in 2021

With the uncertainty around current restrictions, some of your customers might be putting their 2021 home buying plans on the backburner. However, the current circumstances also mean your customers may need your support now more than ever.

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