Leeds Building Society has changed its mortgage criteria
in a bid to encourage longer-term private rentals. The UK’s fifth largest
society will now accept tenancy agreements for a period to suit both the tenant
and the landlord, and will not stipulate a maximum tenancy period, which was
previously set at 12 months. A number of lenders will now accept longer term
tenancies, but most will only go to a maximum of three years and Leeds will be
amongst the few with no maximum. Read more on the LettingAgentToday website.
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