The Society has raised the maximum from 85% to 95%, bringing it in line with its lending in the rest of the United Kingdom.
Martin Richardson, Leeds Building Society’s Director of Business Development, said:
“We keep our lending criteria under active review and are pleased to be able to make this change.
“It’s a positive step which will enable us to support more borrowers in Northern Ireland, particularly First Time Buyers.
“It’s also a clear indication of growing confidence and optimism in the improving economic situation in the Province.“
Late last year the Society increased lending on new build properties and now will lend up to 90% LTV on houses and up to 85% on flats.
