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?

Castles

Aldershot Office
175 Victoria Road
Aldershot
GU11 1JU
United Kingdom


Sales: 01252 333003
Lettings: 01252 333391
aldershot@castles.co.uk

 

          



About Us

Specialists in residential sales and residential lettings in Farnham, Surrey and Aldershot, Hampshire. With 28 years of excellence. We know this business inside out, and with expert local knowledge and a great team we’ll have you on the move before you know it. We offer a unique blend of professional and friendly staff coupled with our 28 years of local expertise and market insight. Thousands of doors opened since 1992!