Leeds launches channel to help customers with impaired credit

Leeds Building Society has launched a new lending channel that will specialise in meeting the needs of customers who currently find it difficult to arrange mortgage finance from main stream lenders, due to historic difficulties they may have encountered servicing loans.

Leeds Lending Solutions will offer this service throughout the UK and will consider a range of circumstances including customers with County Court Judgements (CCJs), mortgage or rent arrears, defaults, bankruptcy or Individual Voluntary Arrangements (IVAs).

Kim Rebecchi, General Manager – Sales said, "There are a number of people who have had their credit ratings detrimentally affected as a result of divorce or separation. We are also well aware of the statistics regarding the incidence of divorce in the UK and this, together with the increasing levels of personal debt, means that more and more people could experience problems over the coming years."

Leeds Lending Solutions has a team of experienced, professionally qualified mortgage advisors available to discuss each customer’s circumstances to ensure they receive the right advice and get the product that best suits their needs. As part of this regulated process, customers will also receive Key Facts Illustration (KFI) clearly outlining the terms and conditions of the product.

Kim continued "Customers with impaired credit can now obtain a mortgage from a highly respected and highly regulated high street lender who will be sympathetic to their individual circumstances and offer a competitive solution."