Mortgages

Leeds Building Society adds limited company BTL loans  – Mortgage Strategy


Leeds Building Society has boosted its range of buy-to-let limited company products, fixed-rate periods and loan-to-value tiers. 

Highlights of the move by the mutual includes five-year 75% loan-to-value fixes at 5.49%, with a £5,999 fee. 

It also offers five-year 75% LTV fixes at 6.04%, without a fee. 

The expansion of its limited company landlord range comes after the lender entered this market in July. 

Brokers can apply for these loans through its Mortgage Extra hub, which allows users to see how cases are progressing. 

The lender has added a new packaging checklist and an affordability calculator to the portal “to simplify the application journey for limited company BTL cases”. 

Leeds Building Society head of intermediary partnerships James O’Reilly says: “Over recent years, we’ve seen more landlords opting to buy, own and let their properties through a limited company structure.  

“As such, we want to be able to support our intermediary partners as they guide their clients in this changing market. 

“Our teams are on hand to guide brokers through the process, with tailored support via access to a specialist team of limited company BTL underwriters for those with complex scenarios or who may be new to working with limited companies.” 



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