Leeds makes improvements ahead of PRA changes

Jessica Nangle

September 14, 2017

Leeds Building Society will be supporting brokers to comply with the new PRA rules around portfolio landlords.

These changes include a team of underwriters to support portfolio buy-to-let lending and underwriting training for BDMs, Improved processes to make it simpler to submit buy-to-let applications and simplified criteria.

The society has created a webpage for intermediaries ahead of the PRA changes enforced on the 30 September.

Jaedon Green, director of product and distribution at Leeds Building Society, said: “Our aim is to make our BTL proposition as straightforward as possible and ensure our service supports brokers and is user friendly.

“We’ve refined our criteria since the start of this year and strengthened both our underwriting and intermediary teams, with extra specialised training to cover these latest changes.”

The society has also developed its processes to ensure underwriting remains proportionate, meaning only a minority of cases will need to provide additional information such as cash flow.

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