LSL and Leeds BS link up

Nia Williams

June 17, 2013

The new products are available to appointed representatives in networks First Complete and Pink and to directly authorised advisers using TMA or the Pink mortgage club.

The new products are a residential 3.29% 5-year fixed rate with an 80% loan to value for loans up to a maximum of £750,000 and a buy-to-let 3.79% 2-year fixed rate at 75% LTV.

Both exclusives carry a non-refundable £199 booking fee and have tapered early repayment charges, with 10% capital repayment allowed each year.

David Copland, director of mortgage services for LSL’s financial services division, said: “Exclusive deals with competitive rates like these from Leeds Building Society are of increasing importance to the advisers that work with the LSL group.

“Securing competitive deals such as these means we can give DAs and ARs within our group some of the best rates in the market to help their clients and in turn to grow their business.

“We work closely with the lenders on our panels, building long-term and mutually beneficial relationships.

“It is through these relationships, and the lenders’ support of LSL, that we are able to develop this type of exclusive and add value to our network and club members.”

Copland said that the buy-to-let exclusive should be of particularly interest to members as it includes a further discount of 1% off Leeds standard variable rate for three years after the fixed term.

Philip Coombes, head of intermediary sales at Leeds Building Society, said: “LSL is now one of the leading distributors of mortgages in the UK with a proven record for quality submissions.

“We have therefore developed these new mortgage deals together with LSL, to offer Pink, First Complete and TMA market-leading exclusives, which deliver great rates and flexibility to fulfill the needs of a range of potential borrowers.”

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