Second Home mortgages

Our second home mortgages are designed for anyone looking to buy a second residential property which could include a second residence for work, a home for a family member to live in or perhaps a holiday home for personal use (these properties must not be used for business purposes or rented). With this is mind, we’ve designed a specific range of products to meet your needs in a number of ways.

  • If you’re looking to borrow up to 70% LTV you could borrow the whole mortgage on an interest only repayment basis.
  • Part & Part repayment options are available for customers wanting to borrow up to 75% LTV.
  • You could be able to borrow up to 85% LTV on a repayment basis.

You can choose from applying online** or over the phone, and can even use our mortgage calculator and get an Approval in Principle today.

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

2 Year Second Home Fixed Rate Mortgages

Initial rate fixed up to and inc. 30/11/22Then changing to the Society's SVR less a discount of 1.25%, up to and inc. 30/11/2025, (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Arrangement Fee
1.99% 4.04%5.29%4.6%65%£999 View
Max loan amount £1,250,000
2.19% 4.04%5.29%4.6%75%£999 View
Max loan amount £1,000,000
2.34% 4.04%5.29%4.6%80%£999 View
Max loan amount £500,000
RATES CORRECT AS AT 31 July 2020

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

Representative Example

A mortgage of £105,000.00 payable over 25 years initially on a fixed rate for 2 years at 2.34% and then a 1.25% discount on our current Standard Variable Rate of 5.29% for 3 years and then on our current Standard Variable Rate of 5.29% for the remaining 20 years would require 24 monthly payments of £462.31, 36 monthly payments of £548.98 and 240 monthly payments of £610.28.

The total amount payable would be £178,359.69 made up of the loan amount plus interest of £72,325.69 and application fee £0, product fee £999, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons 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

5 Year Second Home Fixed Rate Mortgages

Initial rate fixed up to and inc. 30/11/25Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Arrangement Fee
2.69% 5.29%4.3%65%£0 View
Max loan amount £1,250,000
2.79% 5.29%4.3%75%£0 View
Max loan amount £1,000,000
RATES CORRECT AS AT 31 July 2020

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

Representative Example

A mortgage of £105,000.00 payable over 25 years initially on a fixed rate for 5 years at 2.79% and then on our current Standard Variable Rate of 5.29% (variable) for the remaining 20 years would require 60 monthly payments of £486.15 and 240 monthly payments of £603.81.

The total amount payable would be £174,118.48 made up of the loan amount plus interest of £69,083.48 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 4.3% 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 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.
  • Minimum loan amount £35,000.

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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