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Loughborough Building Society 57 Woodgate Loughborough Leicester LE11 2TZ

Loughborough Building Society

The Loughborough for Intermediaries aims to offer solutions from First Time buyers to Later Life. We’re proud of our approach to solution-based lending. There’s no credit scoring and all applications are individually underwritten.

We understand that everyone is different and are keen to talk to you about your clients’ needs.

The Loughborough cover residential including Shared Ownership. Buy to let, Regulated Buy to Let, Adverse Credit, JBSP, Later Life Lending, Holiday Let and Buy for University Mortgages.

Registering to use the system will give you access to an online DIP, KFI and mortgage application submission

Paid by Lender

Proc Fees

Product	Gross	Net
All Products	0.40% (Min £150)	0.38% (£142.50)

Key Features

Soft Footprint Credit Check at DIP
Manual Underwriting with singe case ownership

Self Employed - Salary & Dividends or Salary & Net profit 95% Latest Years
Lending Past the age of 80 with no age limit

Overview

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*Please select that you are a PMS Mortgage Club member when registering, placing business or checking existing payment route to ensure you receive the procuration fee quoted by PMS.

It's not just what we do, it's how we do it at Loughborough for Intermediaries. We have a flexible lending policing focusing on first time buyers to later life lending.

Joint Borrower Sole Proprietor -Based on the youngest applicants ability to cover the mortgage payment past the supporting borrowers retirement age or aged 85.

Credit Check allowing applicants to be considered up to 95% LTV with credit issues, such as mail order, telecoms, utilities and bank account defaults.

Buy to Let and Family Buy to Lets - Top slicing of 90% of disposable income if rent does not cover ICR.

Part Repayment and Part Interest Only Solution up to 95% LTV and based on the end equity amount for minimum equity requirements

Lending in Retirement - Mortgages past the age of 80 and no max age limit. Interest only and no minimum equity required. Affordability for joint applicants is not based on the sole survivor.