The changes also apply to the mutual’s interest-only lending on shared equity mortgages but excludes buy-to-let loans.
Leeds only accepts two types of repayment strategies: the use of a savings or investment vehicle and the sale of the property.
It will still allow up to 75% LTV for those using savings/investments as their repayment vehicle and any additional lending, above the 75% LTV maximum, can be advanced on a capital and interest basis up to 85%.
