Leek Building Society is pleased to announce a series of significant enhancements to its lending policy, effective from 1 September 2025, aimed at broadening support for a wider range of borrower profiles and further strengthening relationships with its valued intermediary partners.
Watch our explainer video to learn more about these changes.
“We’re committed to evolving our lending policies to meet the changing needs of brokers and their clients. These latest changes are a direct response to broker feedback and reflect our continued focus on being a flexible, accessible lender in a competitive market.”
- Nikki Warren-Dean, Head of Intermediary Mortgage Team at Leek Building Society
In a move to support more experienced landlords and investors, the Society has removed the minimum income requirement across all Buy to Let products with the exception of Family Regulated BTL enabling access to a broader range of applicants.
The Society has reduced its stress testing rates by aligning them more closely to each product’s pay rate providing brokers with greater affordability options for clients.
For directors with a shareholding of over 25%, Leek will now consider both salary and net profit when assessing income offering greater affordability for entrepreneurial borrowers.
The Society has removed Loan-to-Value (LTV) restrictions for applicants on zero hour contracts with 2 years consistent earnings for expanded acceptance. This provides a more flexible and inclusive approach to assessing income stability across varying employment types.
These enhancements underline Leek’s ongoing dedication to supporting intermediaries with pragmatic underwriting and a common-sense approach to complex cases.
For more information, please contact your Business Development Manager or call 0808 281 9309.
If you need support with a case or want to learn more about our products and lending criteria, get in touch with our Intermediary Team today to see how we can help.
Monday - Friday 9am - 5pm
You can also contact us at intermediary.mortgages@leekbs.co.uk
Monday - Friday 9am - 5pm
You can also contact us at mortgage.processing@leekbs.co.uk
