Leeds increases proc fees on buy-to-let
Leeds Building Society is increasing procuration fees on Buy to Let and holiday let mortgages through intermediaries with effect from today, Monday 15th September.
The Society will increase the fee from up to 0.37% to up to 0.5%, bringing it in line with similar fees on the market.
Martin Richardson, Leeds Building Society’s General Manager – Business Development:
“We have been working very closely with our intermediary partners on how to develop the service and products we offer through them to support our appetite for growth."
“We have the funding and the capacity within our plans to continue to increase our lending on Buy to Let mortgages and are pleased to be able to make this change to our fee structure.
“Intermediaries are a key element of our growth strategy. We have been investing heavily in enlarging our team of Corporate Account and Regional Development Managers and our underwriting capacity as lending through brokers has risen.
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
FCA
FCA sets out timeline for mortgage rule changes
Santander
Santander joins mortgage price war with new rates from 3.51%
Inflation
Bank of England set to cut rates as inflation falls to eight-month low
This week's biggest stories:
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
FCA
FCA sets out timeline for mortgage rule changes
Santander
Santander joins mortgage price war with new rates from 3.51%
Inflation
Bank of England set to cut rates as inflation falls to eight-month low
Nationwide
FCA fines Nationwide £44m for inadequate financial crime controls
Bank Of England
Bank of England cuts interest rates to 3.75% in tight 5-4 vote
