Leek BS Increases Maximum Height for New-Build Flats and LTI Ratio to Six

Leek BS increases maximum height for new-build flats and LTI ratio to six

Leek Building Society has widened its criteria to accept new-build flats in taller properties and increased loan to income (LTI) limits. The post Leek BS increases maximum height for new-build flats and LTI ratio to six appeared first on Mortgage Solutions.

Leek Building Society doubles storey limit for flats as lending policy widens

Leek Building Society has increased its maximum storey limit for new build flats to 12, up from six, for loans up to 95% loan-to-value (LTV).  Flats with underground car parking will not have those floors counted in the total.  The lender said this move was in response to broker feedback and is intended to help more Shared Ownership and residential buyers, especially in high-density areas like Manchester, Birmingham and London. Buildings between…

Leek BS enhances lending policy with new 12-storey property criteria

Leek Building Society has expanded its lending criteria.  The society has doubled its maximum storey limit for flats, alongside introducing enhanced income flexibility for qualifying applicants. The headline change sees the lender increase its maximum acceptable height for new build flats from six to 12…The post Leek BS enhances lending policy with new 12-storey property criteria appeared first on Mortgage Strategy.