Leeds Building Society have stated “We believe every generation deserves a place to call home. That’s why we’re putting home ownership in reach of more people with the launch of our new Reach Mortgages.”
They have introduced a simple process for potential customers to be eligible. There main focus in first time buyers to be able to afford a forever home. They are aiming on increasing the amount of mortgage applications they will accept to help people get onto the housing ladder.
How it works:
- The brokers get given an option if the clients are suitable for the ‘reach’ mortgage range.
- They mainly go off your credit report to make sure you are reliable to pay things off on time.
- The application is the same as normal, however the product range is different.
This product includes the following mortgages:
- Residential
- Reach Residential
- Interest Only
- Buy-to-let
- Portfolio Buy-To-Let
- Holiday Let
- Shared Ownership
- Shared Equity
- Help To Buy
- First Homes / DMS Mortgages
- Right To Buy
- Retirement Interest Only
- Small HMO
- Large HMO
- Limited Company Buy-To-Let
Please note these products could change.
