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Buy to Let Mortgages

With savings and pensions not having the same earnings potential as they used to, an increasing number of people are using their assets to purchase properties to rent out. We have a wide range of Buy to Let (BTL) mortgage options to choose from, which are available for house purchases or for customers remortgaging from another lender. If you’re unsure about how much you can borrow, our Buy to Let calculator will help provide an estimate.

You can choose from applying online** or over the phone and get an Approval in Principle today.

Please note that applications from landlords with 4 or more mortgaged rental properties (Portfolio Landlords) can only be accepted through an independent financial advisor (IFA) or mortgage broker.

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

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

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

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

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

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

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

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

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

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.

Mortgage calculator

Get a quick estimate of what your monthly payments will be for one of our mortgages

Borrowing calculator

Get a quick estimate of how much you can borrow.

  • Extra help and guidance

    If you want help and support with your application call a Mortgage Assistant

    03450 50 50 62(press option 2)

  • Talk to an expert now

    When you're ready to apply for a mortgage, call to request to speak to a Mortgage Consultant

    03458 48 00 26 (press option 1)

** If you apply for a mortgage online you will not receive advice from Leeds Building Society. You will need to make your own choice about which mortgage is suitable for you and we will not assess the suitability of that mortgage to your needs and circumstances. You will not benefit from the protections offered by an advised service. If you would like to receive further guidance please contact us.
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