Leeds BSAug 1 2022

Lender stops mortgaging second homes in bid to free up stock

twitter-iconfacebook-iconlinkedin-iconmail-iconprint-icon
Search supported by
Lender stops mortgaging second homes in bid to free up stock
Chris Ratcliffe/Bloomberg

Leeds Building Society has said it will no longer offer mortgages for second homes, saying they simply “lie empty” and are not contributing to the economy at a time when housing stock is running critically low.

For unlimited access to FTAdviser content...

Register now for free

  • Read the latest news and views from the world of financial advice
  • Never miss a story - sign up to our email alerts
  • Bank CPD while you read
Have an account? Sign In