Please note: Leeds Building Society only accepts mortgage applications from intermediaries where they are providing an advised sales service, with the exception of Buy to Let & Holiday Let applications. It is the responsibility of the intermediary to ensure that all applicable law including, without limitation, the Financial Conduct Authority rules on advised mortgage sales are complied with including, without limitation, the provision of adequate explanations.

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Holiday let mortgage range refreshed by Leeds Building Society

Leeds Building Society has reduced rates by up to 0.30% on its competitive range of holiday let mortgages.

From Monday 6th July the Society is cutting the following rates:

  • Two year fixed rate mortgage at 2.64% (reduced from 2.94%) up to 60% LTV (loan to value), with a £999 fee;
  • Two year fixed rate mortgage at 3.14% (reduced from 3.24%) up to 70% LTV, with a £999 fee;
  • Two year fixed rate fees assisted mortgage at 3.04% (reduced from 3.24%) up to 60% LTV, with a £199 fee.
  • In addition, the Society is reducing the rate of its two year discount holiday let mortgage to 2.59%, from 2.79%, which is available up to 70% LTV, with a £999 fee.

    The Society is unusual in offering a range of mortgages specifically for the holiday let market and all these products come with a free valuation and fees assisted legal services.

    “We have particular expertise in holiday let mortgages, which are a growing market as more people look to enjoy a ‘staycation’ in the UK,” said Martin Richardson, Leeds Building Society’s General Manager – Business Development.

    “It’s not difficult to understand why interest in holiday home ownership is on the rise. When you think that a main family holiday, with maybe a shorter break at another time of the year, could cost more than £3,000 – you could fund a holiday let mortgage for the same amount, and receive income from letting the property for the weeks you’re not using it*.”

    *The property must be used for holiday let purposes only.