Leeds Building Society has increased its buy-to-let and holiday-let procuration fees from up to 0.37% to a maximum of 0.5%.
The society has made the fee decision in order to drive up growth for its products in the buy-to-let sector.
Martin Richardson, Leeds’ general manager for business development, said: “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.”
The society has been gearing up its resources to cope with increased capacity by developing its account and regional development managers and boosting its underwriting team.
