Holiday Let Mortgages

Leeds Building Society is one of only a handful of lenders to offer specially designed mortgages for properties in England, Scotland, and Wales used as holiday homes. These mortgages are for owners of holiday homes who stay in the property themselves or who let out to holidaymakers. Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.

You can choose from applying online, in branch or over the phone, and can even use our mortgage calculator and get a decision in principle today.

Visit our knowledge base for helpful information on letting properties and links to other useful resources.

Warning:THE MORTGAGED PROPERTY (WHICH MAY BE YOUR HOME) MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Initial rate fixed up to and inc. 28/02/19Then the Society's BTL Variable Rate less 1.00% discount up to and inc. 28/02/22, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct arrangement fee
2.44% 4.74%5.74%5.1%70%£1999 View
Max loan amount £500,000
2.29% 4.74%5.74%5.0%60%£999 View
Max loan amount £500,000

2 year Fixed Rate Holiday Let

Initial rate fixed up to and inc. 31/01/19Then the Society's BTL Variable Rate less 1.00% discount up to and inc. 31/01/22, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct arrangement fee
2.85% 4.74%5.74%5.1%70%£999 View
Max loan amount £500,000
2.79% 4.74%5.74%5.1%60%£199 View
Fees Assisted / Max loan amount £500,000
3.09% 4.74%5.74%5.2%70%£199 View
Fees Assisted / Max loan amount £500,000
RATES CORRECT AS AT 17 NOV 2016

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

Representative Example

A mortgage of £84,000 payable over 25 years initially on a fixed rate for 2 years at 3.09% and then a 1% discount on our current Buy to Let Variable Rate of 5.74% for 3 years and then on our current Buy to Let Variable Rate of 5.74% for the remaining 20 years would require 24 monthly payments of £216.3, 36 monthly payments of £331.8 and 240 monthly payments of £401.8.

The total amount payable would be £197,802 made up of the loan amount plus interest of £113,568 and booking fee £0, product arrangement fee £199, valuation fee £0.

The overall cost for comparisons 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 redemption fee of £199 will apply.

Additional Features

  • No Higher Lending Charge.
  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • For fixed rates up to and including 31/01/19, Tapered Early Repayment Charges apply for the fixed rate period up to and including 31 Jan 2019.
  • For fixed rates up to and including 28/02/19, Tapered Early Repayment Charges apply for the fixed rate period up to and including 28 Feb 2019.
  • Free Standard valuation up to £999.
  • Fees assisted legal services for standard remortgages.
  • Maximum loan £500,000.
  • Interest calculated daily.

5 year Fixed Rate Holiday Let

Initial rate fixed up to and inc. 31/01/22Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct arrangement fee
3.15% 5.74%4.9%60%£999 View
Max loan amount £500,000
3.54% 5.74%5.0%70%£999 View
Max loan amount £500,000
3.39% 5.74%4.9%60%£199 View
Fees Assisted / Max loan amount £500,000
3.65% 5.74%5.0%70%£199 View
Fees Assisted / Max loan amount £500,000
RATES CORRECT AS AT 04 NOV 2016

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

Representative Example

A mortgage of £224,000 payable over 25 years initially on a fixed rate for 5 years at 3.54% and then on our current Buy to Let Variable Rate of 5.74% (variable) for the remaining 20 years would require 60 monthly payments of £660.8 and 240 monthly payments of £1,071.47.

The total amount payable would be £521,834 made up of the loan amount plus interest of £296,800 and booking fee £0, product arrangement fee £999, valuation fee £0.

The overall cost for comparison is 5.0% 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 redemption fee of £199 will apply.

Additional Features

  • No Higher Lending Charge.
  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges apply for the fixed rate period up to and including 31 Jan 2022.
  • Free Standard valuation up to £999.
  • Fees assisted legal services for standard remortgages.
  • Maximum loan £500,000.
  • Interest calculated daily.

2 year Discount Rate Holiday Let

Initial Rate for the first 2 years, (currently)TermsThen the Society's BTL Variable Rate less 1.00% discount, for 3 years, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Arrangement Fee
2.34%The Society's BTL Variable rate less 3.40%4.74%5.74%5.3%70%£999 View
Fees Assisted / Max loan amount £500,000
RATES CORRECT AS AT 1 SEP 2016

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

Representative Example

A mortgage of £206,000 payable over 25 years initially on a 3.4% discount on our current Buy to Let Variable Rate of 5.74% for 2 years and then a 1% discount on our current Buy to Let Variable Rate of 5.74% for 3 years and then on our current Buy to Let Variable Rate of 5.74% for the remaining 20 years would require 24 monthly payments of £401.7, 36 monthly payments of £813.7 and 240 monthly payments of £985.37.

The total amount payable would be £482,456 made up of the loan amount plus interest of £275,422 and booking fee £0, product arrangement fee £999, valuation fee £0.

The overall cost for comparison is 5.3% 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 redemption fee of £199 will apply.

Additional Features

  • No Higher Lending Charge.
  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges apply for the first 2 year.
  • Free Standard valuation up to £999.
  • Fees assisted legal services for standard remortgages.
  • Maximum loan £500,000.
  • Interest calculated daily.