Leeds Expands Offerings For Self-Build
Insulated roofing sheets are essential for any home building, which may be about to get easier due to some mortgage changes.
Self-build housing is now going to be easier for buyers at Leeds Building Society has decided to enhance its new build mortgage offering by extending mortgage offers on all new lending by up to six months.
This means that it is easier for people who want to self-build, but don’t want to face the risk of not having their home or works completed on time. Mortgage offers are normally given with an expiration date, often six months after the offer is made. Self-builders have risked having to apply for and pay for new mortgage products if they don’t start the mortgage term within this time.
We continue to strengthen our new-build proposition for intermediaries, which is now led by our corporate account manager Clive Sandom, who has many years’ experience in this sector,” said Martese Carton, head of intermediary distribution at Leeds Building Society told Specialist Banking.
“Feedback from our borrowers and intermediary partners drives our service improvements and we’ve taken a number of steps in the past year to support new build.”
To support this offering Leeds Building Society has also decided to launch a dedicated new build helpline for the brokers who are working with clients taking out these mortgages.
The Society has also decided to introduce criteria which support modern methods of construction and have increased the loan to value offers on new homes. They have also widened the range of warranties they accept