This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+cover+small+180914
Categories:Mortgages

Leeds BS makes interest-only changes

  • Print
  • Comment

Leeds Building Society has cut its maximum LTV from 70 per cent to 50 per cent for interest-only loans where the repayment strategy is the sale of property.

Leeds currently accepts either a savings or investment vehicle as a repayment vehicle, or the sale of property.

It will still allow up to 75 per cent LTV for those using savings/investments as their repayment vehicle and any additional lending, above the 75 per cent LTV maximum, can be advanced on a capital and interest basis up to 85 per cent.

Its latest changes do not apply to buy-to-let loans.

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Taxbriefs Advantage
Advantage is a digital reference source giving unbiased, independent, answers to your technical queries. Subscribe to Taxbriefs Advantage.

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick



Poll

Have you heard of cases of advised sales being disguised as execution-only?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments