North Norfolk – No Mortgages for New Holiday-let Homes! Leeds Building Society Acts.
Working with North Norfolk District Council (NNDC), Leeds Building Society has decided to restrict granting mortgages to those wishing to buy properties in North Norfolk to be used as holiday lets. The scheme will run for a 12-month trial period. The society states that it is seeking to balance local housing needs with the economic benefits tourism can bring. Will this move help local people buy or rent a home in North Norfolk? I am sceptical, but it is…