Leeds Building Society has backed Chancellor Jeremy Hunt’s Mortgage Charter aimed at supporting borrowers struggling with increased mortgage costs.
The Chancellor called lenders representing 75% of the mortgage market, and the regulator, to the Treasury last Friday to formalise support for struggling homeowners.
Today Leeds joins The Nottingham in backing the Mortgage Charter with other lenders expected to follow suit.
Leeds Building Society chief executive Richard Fearon (pictured) said: “We are a purpose-led organisation putting home ownership within reach of more people and it is vital that our actions match our words when our members need us most.
“We give our full backing to this charter. It will give borrowers facing financial difficulty even more reassurance that we’ll stand by them.
“At Leeds we’ve already introduced a number of measures which have made a huge difference to borrowers, including not charging arrears fees since the Covid-19 pandemic and extending our product transfer window, and they will be strengthened by these additional commitments.”
