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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 mortgage rates

AVAILABLE TO INTERMEDIARIES ONLY

Buy to Let criteria - key points

  1. Up to 80% LTV (subject to borrowing scenario)
  2. Rental income must be at least 140% of the interest payable on a stress rate of;
    • 5.50% for purchases and capital raising re-mortgages
    • 5.00% for non-capital raising 'like-for-like' remortgages
    • 5.00% for background buy to Lets with other lenders
  3. No minimum income requirement (evidence of income is still required).
  4. Maximum portfolio size of 10 mortgaged rental properties, irrespective of lender
  5. Maximum of 4 rental properties can be mortgaged with The Society, whether Buy-to-Let, Holiday Let or a combination of both
  6. No maximum age at end of term

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

Your customers may find our Landlord Guide useful for helpful information on letting properties, or they can visit our Knowledge Base for links to other useful resources.

 

2 Year Buy to Let Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/03/22Then the Society's BTL Variable Rate less 1.00% discount up to and inc. 31/03/25, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
1.44% 4.99%5.99%5.1%60%£1999 View
Max loan amount £500,000
1.61% 4.99%5.99%5.1%60%£999 View
Max loan amount £500,000
1.99% 4.99%5.99%5.1%60%£0 View
Max loan amount £500,000
1.59% 4.99%5.99%5.2%70%£1999 View
Max loan amount £500,000
1.79% 4.99%5.99%5.2%70%£999 View
Max loan amount £500,000
2.19% 4.99%5.99%5.2%70%£0 View
Max loan amount £500,000
1.99% 4.99%5.99%5.2%75%£999 View
Max loan amount £500,000
2.44% 4.99%5.99%5.2%75%£0 View
Max loan amount £500,000
3.25% 4.99%5.99%5.4%80%£999 View
Max loan amount £500,000
3.40% 4.99%5.99%5.5%80%£399 View
Max loan amount £500,000
RATES CORRECT AS AT 13 december 2019

Representative Example

A mortgage of £70,000.00 payable over 25 years initially on a fixed rate for 2 years at 3.40% and then a 1.00% discount on our current Buy to Let Variable Rate of 5.99% for 3 years and then on our current Buy to Let Variable Rate of 5.99% for the remaining 20 years would require 24 monthly payments of £198.33, 36 monthly payments of £291.08 and 240 monthly payments of £349.42.

The total amount payable would be £169,533.00 made up of the loan amount plus interest of £99,099.00 and application fee £0, product fee £399, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 5.5% 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 fee is payable on application (where applicable) but is refundable should the mortgage not complete. A mortgage exit fee of £199 will apply.

Additional Features

  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges apply up to and including 31 March 2022.
  • Interest calculated daily.
  • Maximum loan £500,000.
  • Free standard valuation up to £999.

5 Year Buy To Let Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/03/25Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
1.94% 5.99%4.5%60%£999 View
Max loan amount £500,000
2.19% 5.99%4.6%70%£999 View
Max loan amount £500,000
2.47% 5.99%4.7%70%£0 View
Max loan amount £500,000
2.99% 5.99%4.9%75%£999 View
Max loan amount £500,000
3.14% 5.99%4.9%75%£0 View
Max loan amount £500,000
3.56% 5.99%5.2%80%£999 View
Max loan amount £500,000
3.78% 5.99%5.2%80%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 17 january 2019

Representative Example

A mortgage of £75,000.00 payable over 25 years initially on a fixed rate for 5 years at 3.78% and then on our current Buy to Let Variable Rate of 5.99% (variable) for the remaining 20 years would require 60 monthly payments of £236.25 and 240 monthly payments of £374.38.

The total amount payable would be £179,060.00 made up of the loan amount plus interest of £104,025.00 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

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 fee is payable on application (where applicable) but is refundable should the mortgage not complete. A mortgage exit fee of £199 will apply.

Additional Features

  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges apply up to and including 31 March 2025.
  • Interest calculated daily.
  • Maximum loan £500,000.
  • Free standard valuation up to £999.

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
5.99%6.2%70%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 07 march 2019

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 5.99% (variable) would require 300 monthly payments of £748.75.

The total amount payable would be £374,930.00 made up of the loan amount plus interest of £224,625.00 and application fee £0, product fee £0, valuation fee £270, funds transfer fee £35.

The overall cost for comparison is 6.2% 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 fee is payable on application (where applicable) but is refundable should the mortgage not complete. A mortgage exit fee of £199 will apply.

Additional Features

  • Unlimited capital repayments are allowed.
  • Maximum loan £500,000.
  • Interest calculated daily.

2 Year Small HMO Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/03/22Then the Society's BTL Variable Rate less 1.00% discount up to and inc. 31/03/25, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.59% 4.99%5.99%5.3%60%£999 View
Max loan amount £750,000 / Min loan amount £50,000 / £500 Cashback upon completion
2.79% 4.99%5.99%5.3%70%£999 View
Max loan amount £750,000 / Min loan amount £50,000 / £500 Cashback upon completion
3.39% 4.99%5.99%5.4%75%£999 View
Max loan amount £750,000 / Min loan amount £50,000 / £500 Cashback upon completion

5 Year Small HMO Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/03/25Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.99% 5.99%4.9%60%£999 View
Max loan amount £750,000 / Min loan amount £50,000 / £500 Cashback upon completion
3.19% 5.99%5.0%70%£999 View
Max loan amount £750,000 / Min loan amount £50,000 / £500 Cashback upon completion
RATES CORRECT AS AT 13 december 2019

Representative Example

A mortgage of £200,000.00 payable over 25 years initially on a fixed rate for 2 years at 3.39% and then a 1.00% discount on our current Buy to Let Variable Rate of 5.99% for 3 years and then on our current Buy to Let Variable Rate of 5.99% for the remaining 20 years would require 24 monthly payments of £988.63, 36 monthly payments of £1154.28 and 240 monthly payments of £1,253.00.

The total amount payable would be £367,035.84 made up of the loan amount plus interest of £166,001.84 and application fee £0, product fee £999, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 5.4% 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 fee is payable on application (where applicable) 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.
  • Tapered Early Repayment Charges apply.
  • Interest calculated daily.
  • Free standard valuation up to £999
  • Maximum loan £750,000.
  • Available for properties with up to and including 8 bedrooms, and housing up to and including 6 occupants.
  • Available for properties in England, Scotland and Wales.

2 Year Large HMO Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/03/22Then the Society's BTL Variable Rate less 1.00% discount up to and inc. 31/03/25, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
3.34% 4.99%5.99%5.5%70%£1999 View
Max loan amount £750,000 / Min loan amount £50,000 / £500 Cashback upon completion
3.45% 4.99%5.69%5.6%75%£1999 View
Max loan amount £750,000 / Min loan amount £50,000 / £500 Cashback upon completion

5 Year Large HMO Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/03/25Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
3.49% 5.99%5.1%60%£1999 View
Max loan amount £750,000 / Min loan amount £50,000 / £500 Cashback upon completion
3.54% 5.99%5.2%70%£1999 View
Max loan amount £750,000 / Min loan amount £50,000 / £500 Cashback upon completion
RATES CORRECT AS AT 13 december 2019

Representative Example

A mortgage of £220,000.00 payable over 25 years initially on a fixed rate for 2 years at 3.45% and then a 1.00% discount on our current Buy to Let Variable Rate of 5.99% for 3 years and then on our current Buy to Let Variable Rate of 5.99% for the remaining 20 years would require 24 monthly payments of £1,094.52, 36 monthly payments of £1270.27 and 240 monthly payments of £1,378.91.

The total amount payable would be £404,970.24 made up of the loan amount plus interest of £182,936.24 and application fee £0, product fee £1999, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 5.6% 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 fee is payable on application (where applicable) 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.
  • Tapered Early Repayment Charges apply.
  • Interest calculated daily.
  • Free standard valuation up to £999
  • Maximum loan £750,000.
  • Available for properties with up to and including 8 bedrooms and housing more than 6 occupants.
  • Available for properties in England, Scotland and Wales.

Portfolio 2 Year Buy to Let Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/03/22Then the Society's BTL Variable Rate less 1.00% discount up to and inc. 31/03/25, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
1.54% 4.99%5.99%5.1%60%£1999 View
Max loan amount £500,000
1.71% 4.99%5.99%5.1%60%£999 View
Max loan amount £500,000
2.09% 4.99%5.99%5.1%60%£0 View
Max loan amount £500,000
1.69% 4.99%5.69%5.2%70%£1999 View
Max loan amount £500,000
1.89% 4.99%5.69%5.2%70%£999 View
Max loan amount £500,000
2.29% 4.99%5.99%5.2%70%£0 View
Max loan amount £500,000
2.09% 4.99%5.99%5.2%75%£999 View
Max loan amount £500,000
2.54% 4.99%5.99%5.2%75%£0 View
Max loan amount £500,000
3.35% 4.99%5.99%5.4%80%£999 View
Max loan amount £500,000
3.50% 4.99%5.99%5.5%80%£399 View
Max loan amount £500,000

Portfolio 5 Year Buy To Let Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/03/25Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.04% 5.99%4.5%60%£999 View
Max loan amount £500,000
2.22% 5.99%4.5%60%£0 View
Max loan amount £500,000
2.29% 5.99%4.7%70%£999 View
Max loan amount £500,000
2.57% 5.99%4.7%70%£0 View
Max loan amount £500,000
3.09% 5.99%4.9%75%£999 View
Max loan amount £500,000
3.24% 5.99%4.9%75%£0 View
Max loan amount £500,000
3.66% 5.99%5.2%80%£999 View
Max loan amount £500,000
3.88% 5.99%5.2%80%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 17 january 2019

Representative Example

A mortgage of £70,000.00 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 5.99% for 3 years and then on our current Buy to Let Variable Rate of 5.99% for the remaining 20 years would require 24 monthly payments of £350.13, 36 monthly payments of £404.32 and 240 monthly payments of £438.90.

The total amount payable would be £128,729.52 made up of the loan amount plus interest of £58,295.52 and application fee £0, product fee £399, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 5.5% 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 fee is payable on application (where applicable) but is refundable should the mortgage not complete. A mortgage exit fee of £199 will apply.

Additional Features

  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge (unless otherwise stated).
  • Interest calculated daily (unless otherwise stated).
  • Maximum loan £500,000.
Financial Adviser Award Thank YouFind out more
Our BTL criteria in a nutshellRead our guide (PDF)
Specialising in Small and Large HMO MortgagesFind out more

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