Leeds Building Society will be expanding into the limited company buy-to-let space in the second quarter of 2020, Mortgage Solutions has learned.
A Leeds Building Society spokesperson said: “It’s one of several segments that are under consideration.
“We continue to evaluate new segments of the market and keep our lending proposition under review.”
2020 growth
The building society’s most recent financial results showed it had completed £3.5bn in gross mortgage lending last year.
Although this was down on the society’s lending figure of £3.8bn in 2018, it said it was confident about business as its mortgage balance grew 6.1 per cent to £16.7bn surpassing the 3.1 per cent UK mortgage market growth documented by UK Finance.
Leeds BS will also be introducing a mortgage hub this year with the aim of simplifying the application process for brokers and customers.
Richard Fearon, CEO of Leeds Building Society said of the results: “Our successful business strategy includes a focus on product innovation, particularly for customer groups not well served by the wider market, supporting borrowers such as later life homeowners and first-time buyers.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS