Second Home mortgages

Our second home mortgages are designed for anyone looking to buy a second residential property which could include a second residence to be closer to 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% loan to value (LTV) you could borrow the whole mortgage on an interest only 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 capital and interest 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.

The mortgaged property (which may be your home) may be repossessed if you do not keep up repayments on your mortgage

Legal Assisted 2 Year Second Home Mortgages

Initial rate fixed up to and inc. 30/04/24Then changing to the Society's SVR less a discount of 1.25%, up to and inc. 30/04/2027, (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 £2,000,000
2.19% 4.04%5.29%4.6%75%£999 View
Max loan amount £2,000,000
2.34% 4.04%5.29%4.6%85%£999 View
Max loan amount £750,000
RATES CORRECT AS AT 12 january 2022

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% giving a rate of 4.04% 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.

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.

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

Legal Assisted 5 Year Second Home Mortgages

Initial rate fixed up to and inc. 30/04/27Then 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 £2,000,000
2.79% 5.29%4.3%75%£0 View
Max loan amount £2,000,000
2.84% 5.29%4.4%85%£0 View
Max loan amount £750,000
RATES CORRECT AS AT 12 january 2022

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 2.84% and then on our current Standard Variable Rate of 5.29% (variable) for the remaining 20 years would require 60 monthly payments of £488.84 and 240 monthly payments of £604.41.

The total amount payable would be £174,423.51 made up of the loan amount plus interest of £69,388.51 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 4.4% 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.

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.

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

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

    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. This is called an execution only transaction. If you would like to receive advice from us please contact us.
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