Leek Building Society has announced a series of lending policy enhancements designed to give brokers greater flexibility and widen access for a broader range of borrowers.
The society said that the updates, which come into effect from today, 1st September 2025, reflect its commitment to evolving criteria in line with broker feedback and market needs.
Among the changes, the society has removed the minimum income requirement for all buy-to-let products, excluding family regulated buy-to-let, opening up access for more experienced landlords and investors.
Stress testing rates have also been reduced across all buy-to-let mortgages, including holiday lets, by bringing them closer in line with each product’s pay rate.
Criteria for self-employed borrowers has also been expanded, with the society now considering both salary and net profit for company directors holding more than a 25% shareholding.
This shift is expected to offer greater borrowing power for entrepreneurial clients.
In addition, the lender has widened its approach to applicants on zero-hour contracts.
Where two years of consistent earnings can be evidenced, Leek will no longer impose loan-to-value (LTV) restrictions, making its proposition more inclusive for those in non-traditional forms of employment.
Nikki Warren-Dean, head of intermediary mortgage team at Leek Building Society, said: “We’re committed to evolving our lending policies to meet the changing needs of brokers and their clients.
“These latest changes are a direct response to broker feedback and reflect our continued focus on being a flexible, accessible lender in a competitive market.”