This information is for use by FCA authorised intermediaries only and must not be distributed to potential customers/ borrowers.Leeds

The Intermediary Mortgage Lenders Association (IMLA) has revealed that the proportion of brokers facing difficulties helping Interest Only clients has fallen 15 percentage points year-on-year to 39%.

[1] However, there are still those cases that can be a challenge.

At Leeds Building Society, they appreciate that no two customers are the same and so they’ve extended their Interest Only offering to accommodate as many customers as possible.

To help identify the different customers you may come across and how Leeds Building Society could help them they’ve created a handy infographic.

Some of the key features mentioned are:

  • Sale of mortgaged property accepted as a repayment method
  • The option to go Part & Part on Interest Only and Capital Repayment
  • No minimum income required
  • Lending up to the stated retirement age

To talk to a member of the team about how they can help your Interest Only client, call them on: 03450 50 5555 or visit their website.

*Leeds Building Society may monitor and/or record your telephone conversations with the Society to ensure consistent service levels (including colleague training).

This information is for use by FCA authorised intermediaries only and must not be distributed to potential customers/ borrowers.

[1] IMLA – Intermediary Lending Outlook, February 2016