News Archive

18/02/2009 Changes to Irish Residential Lending Criteria

With immediate effect, Leeds Building Society has made changes to the Irish Residential Lending Policy. Details of changes >>

12/02/2009 Changes to UK Residential Lending Policy

With immediate effect, Leeds Building Society has made changes to the UK Residential Lending Policy. Details of changes >>

10/02/2009 Online Intermediary Customer Survey - Update

Further to the update issued last week, we are pleased to confirm that our Intermediary Customer Survey is now available for you to complete on-line.
Read More >>

04/02/2009 Online Intermediary Customer Survey

As part of our ongoing commitment to improve our service and to make contact with us as easy as possible, we will shortly be making our Intermediary Customer Survey available for completion on-line. Read More >>

29/01/2009 Valuation Fees

With immediate effect the full valuation fee in respect of all mortgage applications must be paid before the valuation will be instructed by the Society.  In order to speed up the processing of your application, please ensure that you submit a cheque with the application, the payee should show the name of the applicant and the reference number.  Alternatively the fee can be paid by debit or credit card over the telephone by ringing the Mortgage Lending Service Desk, on 0113 225 7889 once the application has been submitted.

23/01/2009 Application Submission Requirements

Leeds Building Society has compiled a document to explain our requirements for the submission of correctly packaged applications. By sending the relevant documentation to us with your application, this will help to speed up the processing and ensure an offer is issued as soon as possible.  Details of our submission requirements (PDF) >>

19/01/2009 Secure e-mail of acknowledgement letters

Following on from the December implementation of secure e-mail of mortgage offers, Leeds Building Society will now e-mail your case acknowledgement letters and any ‘to do lists’ issued as applications progress Read More >>

15/01/2009 Clarification of Builder Deposits, Vendor Deposits and Family Purchases

When any deposit/incentive or cashback is being paid by the vendor this must be disclosed on the application form. Read More >>

08/01/2008 Capital Raising For Spanish Lending

Please note that with effect from 6th January 2008, applications that are for capital raising purposes will not be accepted.

17/12/2008 Secure e-mail of mortgage offers

Leeds Building Society has further improved its communication to deliver an even better service and make your client’s mortgage offers much more accessible to you. This enhancement allows for fully automated secure e-mail of mortgage offers to you during normal working hours. Read More >>

24/11/2008 From 1 January only online applications accepted

In order to maintain a fast efficient service, from the 1st January 2009 we will only accept applications submitted online on our mainstream business. There are a few exceptions. Read more >>

06/11/2008 Reduction in Standard Variable Rate Loan to Value

With effect from Thursday 6th November 2008, the maximum loan to value of Standard Variable Rate Mortgages has been reduced to 85%. Click for details of our mortgage range...

22/10/2008 Reduction in Fixed Rate and Offset maximum Loan to Value

Please note that Leeds Building Society has reduced the maximum loan to value for new fixed rate and offset mortgage applications to 85%. Click for details of our mortgage range...

17/10/2008 Reduction in New Build maximum Loan to Value

With effect from Monday 20th October 2008, a maximum loan to value of 80% has been implemented for all new build properties, this change is not extended to shared ownership applications, which will continue to be underwritten using the shared ownership criteria.

13/10/2008 Help us to help you

As you are aware, we do not like having to decline your business, so we thought it would be useful for you to know the most common reasons that result in cases being declined:-

• Adverse on mainstream business
• Adverse on Shared Ownership business
• Adverse on B2L business
• Income shortfalls

We hope you find this helpful when submitting your cases to the Society - it should help to avoid disappointment for you and your clients. And REMEMBER - your local Development Manager is there to help - please call!

01/10/2008 Change to Buy to Let Policy

With immediate effect, the Society will no longer accept BTL applications where the applicant has a portfolio of more than 4 properties (regardless of who the lender is).

08/08/2008 Change to acceptable forms of identification

Please note the forms of identification we accept has changed. Below is a link to a PDF document which lists the forms of identification we now accept and this list supersedes the lists on the online application form and the Verification of Identification document. View list of acceptable identification

30/07/2008 Reduction to maximum borrower share

Please note that the maximum borrower share on Shared Ownership and Shared Equity cases has been reduced to 95%. Click for details of our shared ownership mortgage range...

22/07/2008 Fault with Borrowing Calculator

Please note that we are currently experiencing problems with the Borrowing Calculator which is located after you log in to your account. Some of the borrowing figures returned are incorrect and we would advise against the use of this until the problem is resolved. We apologise for any inconvenience this may cause.

11/07/2008 Change to Buy to Let maximum loan to value

Please note that Leeds Building Society's maximum loan to value for new Buy to Let mortgage applications is 70% Click for details of our Buy to Let mortgage range...

23/05/2008 Shared Equity criteria now available online

The Society's Shared Equity Criteria is now available online - click to view this. Please note that if a scheme does not meet this criteria it will not be acceptable.