Unlocking the next step

Help your clients make the most of their budget with mortgage options designed to give them extra flexibility. So they can buy, move or remortgage in a way that works for them.

Income Plus

Our Income Plus range can help your clients borrow up to 6x their income.

Key details

Loan to Value (LTV) available up to:

95% LTV for first time buyers
90% LTV for people remortgaging or moving house
85% on new build flats (subject to criteria)

Other details

5% deposit and above
Self-employed applicants welcome
10% capital repayments are allowed each year without incurring an Early Repayment Charge, unless otherwise stated
Standard valuation fee included
Fixed rate for a minimum period of 5 years
Capital and interest repayment basis

Requirements

Up to 5.5x Loan to Income (LTI)

First time buyers: household income £30,000 up to £75,000
Remortgage and home movers: household income £50,000 up to £75,000
Total debt to income (mortgage and secured) up to 5.75x household income, or 5.5x where more than 90% of maximum affordability is used

For example, for first time buyers to be eligible for 5.5x LTI, the first applicant could earn £17,000 and the second £13,000.

Up to 6x Loan to Income (LTI)

Available to first time buyers, people remortgaging or moving house
Household income above £75,000
Total debt to income (mortgage and secured) up to 6.25x or 6x household income if using more than 90% of max affordability

We class a first time buyer as anyone who hasn't had a mortgage in the last three years. At least one applicant must meet this definition to apply for a first time buyer mortgage.

Reach

Our Reach mortgages give clients with credit challenges a pathway into home ownership.

Key details

Applicable on new home or remortgage applications
Fixed rate for 2, 3 or 5 years
Capital and interest repayment basis

Requirements

For residential clients who are new to Leeds Building Society and have credit scores that make them ineligible for standard products
For clients who want to apply for more than 75% LTV

How do Reach mortgages work?

Simply submit your Decision in Principle (DIP) in the usual way
The DIP outcome will confirm if your client is eligible for a product from our standard mortgage range, or our Reach mortgage range
If they’re eligible for the Reach mortgage range, it’s important you reassess the suitability of these products and any advice you have given your client. The products are on sourcing systems and identifiable as "Reach"
Progress the application – if you decide to proceed with a Reach mortgage, there’s no need to start again, just pick up the DIP outcome where you left off. Your client will still need to meet our affordability and standard lending criteria.