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Leeds extends online facility to include BTL

Leeds Building Society has expanded its online facility and case tracking functionality to include buy to let mortgages.

The nedw service will now give introducers 24-hour access to instant mortgage decisions, KFIs and real time updates on their applications.

Leeds Building Society general manager sales Kim Rebecchi says: “Landlords already benefit from our simple buy-to-let underwriting criteria. All we require is proof of identity, a clean credit check and confirmation from a suitable letting agent that the rental income will cover 130 per cent of the interest only mortgage payment.

“The new online facility now enables introducers to submit a mortgage, receive an instant decision and verified KFI. The application is processed immediately and the new functionality also allows case tracking, so introducers can obtain an instant update on the mortgage at any time, 24-hours a day, 7 days a week.”

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