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Leeds Building Society increases procuration fees on Buy to Let

15th September 2014 Print

Leeds Building Society is increasing procuration fees on Buy to Let and holiday let mortgages through intermediaries with effect from today, Monday 15th September.

The Society will increase the fee from up to 0.37% to up to 0.5%, bringing it in line with similar fees on the market.

“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,” said Martin Richardson, Leeds Building Society’s General Manager – Business Development.

“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.

“Intermediaries are a key element of our growth strategy. We have been investing heavily in enlarging our team of Corporate Account and Regional Development Managers and our underwriting capacity as lending through brokers has risen.”