Building Society’s Mortgage Change Could Help some People Borrow Thousands More

Building society’s mortgage change could help some people borrow thousands more

Leeds Building Society said its changes from Friday will benefit borrowers buying their first house, moving up the property ladder, or remortgaging.

Leeds Building Society changes mortgage rules to help people borrow more

The mutual said the measures will benefit borrowers buying their first house, moving up the property ladder, or remortgaging their existing home

Leeds Building Society relaxes affordability tests, boosting borrowing capacity by £34,000 - Business Link Magazine

Leeds Building Society has adjusted its affordability stress tests, allowing homebuyers to borrow up to an additional £34,000. This change, effective from tomorrow, will apply to first-time buyers, home movers, and remortgagers, with typical applicants able to borrow between £9,000 and £34,000 more.

Leeds BS stress test changes allow up £34,000 of extra borrowing     – Mortgage Strategy

Leeds Building Society has become the latest lender to ease its affordability stress testing, allowing customers to borrow up to £34,000 extra to buy a home.      The mutual will amend its borrower affordability assessments, which will reduce stress testing rates by up to 1.24%…The post Leeds BS stress test changes allow up £34,000 of extra borrowing     appeared first on Mortgage Strategy.

Leeds BS cuts stress test with £34k borrowing boost on the cards

Leeds Building Society is reducing its stress testing rates by up to 1.24%, potentially offering a boost to borrowers.

Leeds Building Society reduces stress testing rates by up to 1.24%

Leeds Building Society has changed how it checks what borrowers can afford, reducing affordability stress testing rates by up to 1.24%.  This means typical borrowers could get up to £34,000 more for a mortgage.  The update follows new guidance from the Financial Conduct Authority (FCA), and will apply from 27th June 2025. The society said this move will help more people buy their first home, move up the property ladder or remortgage.  For exampl…