Leeds Building Society has announced further support for brokers and intermediaries who are working with landlords operating within a limited company structure.
The society moved into limited company buy-to-let lending in July.
Leeds Building Society’s expanded limited company range offers a choice of fixed rate periods and loan-to-value tiers, as well as products with different fee structures and loan terms. Hero products launched this week include a five-year fixed rate mortgage at 5.49% with fees of £5,999, and a fee-free product fixed at 6.04% for five years.
Applications can be made through the Society’s bespoke system, Mortgage Extra which gives brokers full visibility of how each case is progressing. This is complemented by a new packaging checklist to simplify the application journey for limited company buy-to-let cases.
A new limited company buy-to-let affordability calculator has also been added to streamline the process for brokers and landlords alike.
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.
“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.”