Leeds Building Society improves Buy-to-Let criteria - Leeds Building Society improves Buy-to-Let criteria Book a Property Valuation
Selling September 6, 2016
     

Leeds Building Society improves Buy-to-Let criteria

Leeds Building Society improves its Buy-to-Let criteria 


Leeds Building Society has introduced a greater degree of flexibility into its criteria, by announcing that it will no longer impose a maximum tenancy period for Buy-to-Let mortgages.

Criteria regarding tenancy agreements has improved throughout the market in recent years. 

Rather than insisting on a maximum of just 6 to 12 months, most lenders now allowing tenancies of 2, and in some case 3 years. 

Very few currently go beyond this however, so the move by Leeds has been welcomed by many.

With people renting for longer, and an increase in the number of families with children living in the rental sector, there is a definite need for more security of tenure. 

Leeds has now opted to accept agreements for a time period which is suitable for both landlord and tenant. 

This will provide more choice for those who would prefer to have a longer agreement in place and offer a greater level of security for both parties.

Why do house sales fall through?

The Guild Guide: Best Time To Sell Your House

How to know when it's time to put your home on the market

When is the Best Time to Sell Your Home?

Contact Us

Rainham Office
67C High Street
Rainham
ME8 7HS

Tel: 01634 377737
Email:
rainham@greyfox.co.uk

Contact Us

Walderslade Office
Unit 2, Thetford House,
Walderslade Village Centre,
Walderslade Road,
Chatham,
ME5 9LR

Tel: 01634 672227
Email: walderslade@greyfox.co.uk

Latest News

Privacy Policy
Referral Fees

Greyfox Investments LTD t/a Greyfox Sales & Lettings are registered in England at: Unit 2, Thetford House, Walderslade Village Centre, Walderslade Road, Chatham, Kent, ME5 9LR. Company Reg No.: 06504741