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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.

Buy to Let Mortgages

AVAILABLE TO INTERMEDIARIES ONLY

Buy to Let criteria - key points

  1. Rental income must be at least 125% for basic rate tax payers, 145% for higher rate tax payers, and 150% for additional rate tax payers, of the interest payable on a stress rate of:
    • 5.50% for purchases and capital raising remortgages – when 2 year product is taken
    • 4.50% for purchases and capital raising remortgages – when 5 year product is taken
    • 5.00% for non-capital raising 'like-for-like' remortgages – when 2 or 5 year product is taken
    • Background Buy to Let properties will be stressed at 145% at 5.00% regardless of the applicant's tax status. The aggregate LTV of the background portfolio should not exceed 75%
    • A stressed interest rate of 5.5% for purchase and capital raising remortgages – for Let to Buy when 5 year product is taken.
    • Stressed interest rate where SVR is taken of SVR + 2%.
  2. No minimum income requirement (evidence of income is still required).
  3. Maximum portfolio size of 10 mortgaged rental properties, irrespective of lender
  4. Maximum of 4 rental properties can be mortgaged with The Society, whether Buy-to-Let, Holiday Let or a combination of both
  5. No maximum age at end of term

For full details of our Buy to Let criteria, including LTV rates, view our criteria guide.

Legal Assisted 2 Year Buy to Let Fixed Rate Mortgages

Initial rate fixed up to and inc. 30/09/24Then the Society's BTL Variable Rate less 1.00% discount up to and inc. 30/09/27, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
3.50% 4.84%5.84%5.3%70%£0 View
Max loan amount £1,000,000
RATES CORRECT AS AT 28 june 2022

Representative Example

A mortgage of £80,000.00 payable over 25 years initially on a fixed rate for 2 years at 3.50% and then a 1.00% discount on our current Buy to Let Variable Rate of 5.84% giving a rate of 4.84% for 3 years and then on our current Buy to Let Variable Rate of 5.84% for the remaining 20 years would require 24 monthly payments of £233.33, 36 monthly payments of £322.67 and 240 monthly payments of £389.33.

The total amount payable would be £190,691.00 made up of the loan amount plus interest of £110,656.00 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons 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.

Key details about this product range

  • Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.
  • A product fee is payable on application (where applicable) but is refundable should the mortgage not complete.
  • A mortgage exit fee of £199 will apply.
  • Tapered Early Repayment Charges may apply.
  • Interest calculated daily.
  • When you're applying for an interest only mortgage, please be aware that you'll need to have a credible repayment strategy in place to pay off the loan and any interest accrued under the mortgage at the end of the term.
  • The products and services on this site are available to UK residents only.
  • Mortgage applicants must be 18 years or over.
  • Mortgages are subject to eligibility, status and financial standing.
  • Buy to Let mortgages which are for business purposes are exempt from FCA Rules.

For more detail about specific products, visit the links in the table above.

Legal Assisted 5 Year Buy to Let Fixed Rate Mortgages

Initial rate fixed up to and inc. 30/09/27Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
4.20% 5.84%4.9%70%£0 View
Max loan amount £1,000,000
RATES CORRECT AS AT 28 june 2022

Representative Example

A mortgage of £80,000.00 payable over 25 years initially on a fixed rate for 5 years at 4.20% and then on our current Buy to Let Variable Rate of 5.84% (variable) for the remaining 20 years would require 60 monthly payments of £430.74 and 240 monthly payments of £494.00.

The total amount payable would be £144,439.30 made up of the loan amount plus interest of £64,404.30 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 4.9% 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.

Key details about this product range

  • Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.
  • A product fee is payable on application (where applicable) but is refundable should the mortgage not complete.
  • A mortgage exit fee of £199 will apply.
  • Tapered Early Repayment Charges may apply.
  • Interest calculated daily.
  • When you're applying for an interest only mortgage, please be aware that you'll need to have a credible repayment strategy in place to pay off the loan and any interest accrued under the mortgage at the end of the term.
  • The products and services on this site are available to UK residents only.
  • Mortgage applicants must be 18 years or over.
  • Mortgages are subject to eligibility, status and financial standing.
  • Buy to Let mortgages which are for business purposes are exempt from FCA Rules.

For more detail about specific products, visit the links in the table above.

Buy To Let Variable Rate Mortgages

The Society's BTL Variable Rate applies for the term of the mortgage, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
5.84%6.0%75%£0 View
Max loan amount £750,000
RATES CORRECT AS AT 28 june 2022

Representative Example

A mortgage of £150,000.00 payable over 25 years on our Buy to Let Variable Rate for the mortgage term of 25 years at our current rate of 5.84% (variable) would require 300 monthly payments of £730.00.

The total amount payable would be £369,035.00 made up of the loan amount plus interest of £219,000.00 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 6.0% 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.

Key details about this product range

  • Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.
  • A product fee is payable on application (where applicable) but is refundable should the mortgage not complete.
  • A mortgage exit fee of £199 will apply.
  • Tapered Early Repayment Charges may apply.
  • Interest calculated daily.
  • When you're applying for an interest only mortgage, please be aware that you'll need to have a credible repayment strategy in place to pay off the loan and any interest accrued under the mortgage at the end of the term.
  • The products and services on this site are available to UK residents only.
  • Mortgage applicants must be 18 years or over.
  • Mortgages are subject to eligibility, status and financial standing.
  • Buy to Let mortgages which are for business purposes are exempt from FCA Rules.

For more detail about specific products, visit the links in the table above.

Legal Assisted Portfolio 2 Year Buy to Let Fixed Rate Mortgages

Initial rate fixed up to and inc. 30/09/24Then the Society's BTL Variable Rate less 1.00% discount up to and inc. 30/09/27, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
3.50% 4.84%5.84%5.2%70%£0 View
Max loan amount £1,000,000

Legal Assisted Portfolio 5 Year Buy to Let Fixed Rate Mortgages

Initial rate fixed up to and inc. 30/09/27Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
4.20% 5.84%4.9%70%£0 View
Max loan amount £1,000,000
RATES CORRECT AS AT 28 june 2022

Representative Example

A mortgage of £80,000.00 payable over 25 years initially on a fixed rate for 2 years at 3.50% and then a 1.00% discount on our current Buy to Let Variable Rate of 5.84% giving a rate of 4.84% for 3 years and then on our current Buy to Let Variable Rate of 5.84% for the remaining 20 years would require 24 monthly payments of £400.15, 36 monthly payments of £455.63 and 240 monthly payments of £494.83.

The total amount payable would be £144,800.47 made up of the loan amount plus interest of £64,765.47 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

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.

Key details about this product range

  • Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.
  • A product fee is payable on application (where applicable) but is refundable should the mortgage not complete.
  • A mortgage exit fee of £199 will apply.
  • Tapered Early Repayment Charges may apply.
  • Interest calculated daily.
  • When you're applying for an interest only mortgage, please be aware that you'll need to have a credible repayment strategy in place to pay off the loan and any interest accrued under the mortgage at the end of the term.
  • The products and services on this site are available to UK residents only.
  • Mortgage applicants must be 18 years or over.
  • Mortgages are subject to eligibility, status and financial standing.
  • Buy to Let mortgages which are for business purposes are exempt from FCA Rules.

For more detail about specific products, visit the links in the table above.

Green 2 Year Buy to Let Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/09/24Then the Society's BTL Variable Rate less 1.00% discount up to and inc. 31/09/27, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
3.50% 4.84%5.84%5.3%80%£999 View
Max loan amount £500,000

Green 5 Year Buy to Let Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/09/27Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
4.20% 5.84%5.1%80%£999 View
Max loan amount £500,000

Green Portfolio 2 Year Buy to Let Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/09/24Then the Society's BTL Variable Rate less 1.00% discount up to and inc. 31/09/27, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
3.50% 4.84%5.84%5.3%80%£999 View
Max loan amount £500,000

Green Portfolio 5 Year Buy to Let Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/09/27Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
4.20% 5.84%5.0%80%£999 View
Max loan amount £500,000
RATES CORRECT AS AT 28 june 2022

Representative Example

A mortgage of £180,000.00 payable over 25 years initially on a fixed rate for 2 years at 3.50% and then a 1.00% discount on our current Buy to Let Variable Rate of 5.84% giving a rate of 4.84% for 3 years and then on our current Buy to Let Variable Rate of 5.84% for the remaining 20 years would require 24 monthly payments of £900.33, 36 monthly payments of £1025.17 and 240 monthly payments of £1113.37.

The total amount payable would be £326,756.32 made up of the loan amount plus interest of £145,722.32 and application fee £0, product fee £999, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons 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.

Key details about this product range

  • Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.
  • A product fee is payable on application (where applicable) but is refundable should the mortgage not complete.
  • A mortgage exit fee of £199 will apply.
  • Tapered Early Repayment Charges may apply.
  • Interest calculated daily.
  • When you're applying for an interest only mortgage, please be aware that you'll need to have a credible repayment strategy in place to pay off the loan and any interest accrued under the mortgage at the end of the term.
  • To qualify, the property being purchased must have a certified or predicted energy rating of A, B or C. This will be evidenced by an Energy Performance Certificate (EPC) or a Predicted Energy Assessment (PEA) if the property is a 'new build'.
  • The products and services on this site are available to UK residents only.
  • Mortgage applicants must be 18 years or over.
  • Mortgages are subject to eligibility, status and financial standing.
  • Buy to Let mortgages which are for business purposes are exempt from FCA Rules.

For more detail about specific products, visit the links in the table above.

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