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.

Second home mortgages

Our second home mortgages are designed for customers looking to buy a second residential property which is not to be let out, which could include a holiday home for personal use, workplace residence or for a family member, for example children or elderly relatives. We’ve designed a specific range of products to meet your clients’ needs in a number of ways:

  • Customers looking to borrow up to 70% LTV can borrow the whole mortgage on an interest only basis.
  • A Part & Part approach is available for customers wanting to borrow up to 75% LTV.
  • Customers with smaller deposits could be able to borrow up to 85% LTV on a repayment basis.

Please see below for full product details.

 

2 Year Second Home Mortgages

Initial rate fixed up to and inc. 31/01/20Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Arrangement Fee
1.80% 5.69%5.2%65%£999 View
Max loan amount £1,250,000
1.90% 5.69%5.2%75%£999 View
Max loan amount £1,000,000
2.10% 5.69%5.2%85%£999 View
Max loan amount £500,000
RATES CORRECT AS AT 10 NOV 2017

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £130,000.00 payable over 25 years initially on a fixed rate for 2 years at 2.10% and then on our current Standard Variable Rate of 5.69% (variable) for the remaining 23 years would require 24 monthly payments of £557.00 and 276 monthly payments of £792.16.

The total amount payable would be £233,039.09 made up of the loan amount plus interest of £102,005.09 and application fee £0, product fee £999, valuation fee £0.

The overall cost for comparison is 5.2% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender. A product arrangement fee is payable on application but is refundable should the mortgage not complete. A mortgage exit fee of £199 will apply.

  • 10% capital repayments are allowed each year during the fixed rate period without incurring an Early Repayment Charge.
  • Interest calculated daily.
  • Free standard valuation up to £999

5 Year Second Home Mortgages

Initial rate fixed up to and inc. 31/01/23Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Arrangement Fee
2.50% 5.69%4.5%65%£999 View
Max loan amount £1,250,000
2.65% 5.69%4.6%75%£999 View
Max loan amount £1,000,000
2.70% 5.69%4.6%85%£999 View
Max loan amount £500,000

Cashback 5 Year Second Home Mortgages

Initial rate fixed up to and inc. 31/01/23Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Arrangement Fee
2.60% 5.69%4.5%65%£999 View
Max loan amount £1,250,000
2.75% 5.69%4.6%75%£999 View
Max loan amount £500,000
2.84% 5.69%4.6%85%£999 View
Max loan amount £500,000
RATES CORRECT AS AT 10 NOV 2017

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £130,000.00 payable over 25 years initially on a fixed rate for 5 years at 2.70% and then on our current Standard Variable Rate of 5.69% (variable) for the remaining 20 years would require 60 monthly payments of £595.93 and 240 monthly payments of £771.14.

The total amount payable would be £221,862.45 made up of the loan amount plus interest of £90,828.45 and application fee £0, product fee £999, valuation fee £0.

The overall cost for comparison is 4.6% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender. A product arrangement fee is payable on application but is refundable should the mortgage not complete. A mortgage exit fee of £199 will apply.

  • 10% capital repayments are allowed each year during the fixed rate period without incurring an Early Repayment Charge.
  • Interest calculated daily.
  • Free standard valuation up to £999

We have developed a set of short, easy-to-use guides to our criteria.

View our criteria guides »

Any questions?

Please contact your nearest Development Manager. Find your nearest Development Manager »