Following its move into limited company buy-to-let (BTL) lending in July, Leeds Building Society has introduced further support for brokers and intermediaries working with landlords operating within a limited company structure.
The expanded limited company range includes new fixed rate periods and loan-to-value (LTV) tiers, as well as products with different fee structures and loan terms.
Some of the products launched this week included a 5-year fixed rate mortgage at 5.49% with fees of £5,999, and a fee-free 5-year product fixed at 6.04%.
Applications can be made through the society’s system Mortgage Extra, which gives brokers full visibility of how each case is progressing.
A limited company buy-to-let affordability calculator was also added, to streamline the process for brokers and landlords.
James O’Reilly, head of intermediary partnerships at Leeds Building Society, said: “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.”
He added: “Our broker partners trust us to offer specialist support and find the right solution for each case, and this move to ramp up service and support for limited companies will further streamline processes.
“Our teams are on hand to guide brokers through the process, with tailored support via access to a specialist team of limited company buy-to-let underwriters for those with complex scenarios or who may be new to working with limited companies.”
