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 a Decision 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. 31/01/21Then the Society's BTL Variable Rate less 1% discount up to and inc. 31/01/24, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
1.55% 4.99%5.99%5.1%60%£2499 View
Max loan amount £500,000
1.71% 4.99%5.99%5.1%60%£999 View
Max loan amount £500,000
1.64% 4.99%5.99%5.2%60%£1999 View
Max loan amount £500,000
1.70% 4.99%5.99%5.2%70%£2499 View
Max loan amount £500,000
1.82% 4.99%5.99%5.2%70%£1999 View
Max loan amount £500,000
2.10% 4.99%5.99%5.2%70%£999 View
Max loan amount £500,000

2 Year Buy to Let Fixed Rate Mortgages - No Fee

Initial rate fixed up to and inc. 31/01/21Then the Society's BTL Variable Rate less 1% discount up to and inc. 31/01/24, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.20% 4.99%5.99%5.2%60%£0 View
Max loan amount £500,000
2.45% 4.99%5.99%5.2%70%£0 View
Max loan amount £500,000

Cashback 2 Year Buy to Let Fixed Rate Mortgages - No Fee

Initial rate fixed up to and inc. 31/01/21Then the Society's BTL Variable Rate less 1% discount up to and inc. 31/01/24, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.52% 4.99%5.99%5.2%60%£0 View
Max loan amount £500,000 / Min loan amount £50,000 / £500 Cashback upon completion
2.79% 4.99%5.99%5.3%70%£0 View
Max loan amount £500,000 / Min loan amount £50,000 / £500 Cashback upon completion
RATES CORRECT AS AT 20 November 2018

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

Representative Example

A mortgage of £80,000.00 payable over 25 years initially on a fixed rate for 2 years at 2.79% 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 £186.00, 36 monthly payments of £332.67 and 240 monthly payments of £399.33.

The total amount payable would be £192,315.00 made up of the loan amount plus interest of £112,280.00 and application fee £0, product fee £0, valuation fee £0.

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.

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 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 January 2021.
  • 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. 31/01/24Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.34% 5.99%4.7%60%£1999 View
Max loan amount £500,000
2.49% 5.99%4.7%60%£999 View
Max loan amount £500,000
2.79% 5.99%4.9%70%£1999 View
Max loan amount £500,000
2.84% 5.99%4.9%70%£999 View
Max loan amount £500,000

 5 Year Buy To Let Fixed Rate Mortgages - No Fee

Initial rate fixed up to and inc. 31/01/24Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.58% 5.99%4.7%60%£0 View
Max loan amount £500,000
2.98% 5.99%4.8%70%£0 View
Max loan amount £500,000

Cashback 5 Year Buy To Let Fixed Rate Mortgages - No Fee

Initial rate fixed up to and inc. 31/01/24Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.87% 5.99%4.8%60%£0 View
Max loan amount £500,000 / Min loan amount £50,000 / £500 Cashback upon completion
3.24% 5.99%4.9%70%£0 View
Max loan amount £500,000 / Min loan amount £50,000 / £500 Cashback upon completion
RATES CORRECT AS AT 20 November 2018

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

Representative Example

A mortgage of £215,000.00 payable over 25 years initially on a fixed rate for 5 years at 2.79% 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 £499.88 and 240 monthly payments of £1,073.21.

The total amount payable would be £504,596.50 made up of the loan amount plus interest of £287,562.50 and application fee £0, product fee £1999, valuation fee £0.

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.

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 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 for the fixed rate period up to and including 31 January 2024.
  • 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 10 NOV 2017

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.

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 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 Buy To Let Tracker Rate Mortgages

Initial rate variable up to and inc. 31/10/2020, (currently)Then the Society's BTL Variable Rate less 1% discount up to and inc. 31/10/23, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
1.29% 4.99%5.99%5.0%60%£2499 View
Max loan amount £500,000
1.46% 4.99%5.99%5.0%60%£999 View
Max loan amount £500,000
1.46% 4.99%5.99%5.1%70%£2499 View
Max loan amount £500,000
1.82% 4.99%5.99%5.1%70%£999 View
Max loan amount £500,000

No ERC 2 Year Buy To Let Tracker Rate Mortgages

Initial rate variable up to and inc. 31/10/2020, (currently)Then the Society's BTL Variable Rate less 1% discount for 3 years, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.08% 4.99%5.99%5.2%60%£1999 View
Max loan amount £500,000
2.19% 4.99%5.99%5.2%70%£1999 View
Max loan amount £500,000

No ERC 5 Year Buy To Let Tracker Rate Mortgages

Initial rate variable up to and inc. 31/10/2023, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.10% 5.99%4.5%60%£1999 View
Max loan amount £500,000
2.34% 5.99%4.5%70%£1999 View
Max loan amount £500,000
RATES CORRECT AS AT 15 AUG 2018

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 on a tracker rate for 5 years at 1.59% above the UKBBR and then on our current Buy to Let Variable Rate of 5.99% for the remaining 20 years would require 60 monthly payments of £390.00 and 240 monthly payments of £998.33.

The total amount payable would be £465,034.00 made up of the loan amount plus interest of £263,000.00 and application fee £0, product fee £1999, valuation fee £0.

The overall cost for comparison is 4.5% 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 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 specified).
  • Free standard valuation up to £999.

Easy Start Buy To Let 3 Months 0% Fixed Rate Mortgages

Initial fixed rate first 3 monthsThen changing to a fixed rate, up to and inc. 31/01/2024, of:Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
0.00%2.72%5.99%5.1%60%£999 View
Max loan amount £500,000
0.00%3.09%5.99%5.2%70%£999 View
Max loan amount £500,000

Easy Start Buy To Let 3 Months 0% Fixed Rate Mortgages - No Fee

Initial fixed rate first 3 monthsThen changing to a fixed rate, up to and inc. 31/01/2024, of:Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
0.00%2.82%5.99%5.1%60%£0 View
Max loan amount £500,000
0.00%3.24%5.99%5.2%70%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 27 November 2018

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

Representative Example

A mortgage of £80,000.00 payable over 25 years initially on a fixed rate for 3 months at 0.00% and then a fixed rate for 57 months at 3.24% and then on our current Buy to Let Variable Rate of 5.99% for the remaining 20 years would require 3 monthly payments of £0.00, 57 monthly payments of £216.00 and 240 monthly payments of £399.33.

The total amount payable would be £188,187.00 made up of the loan amount plus interest of £108,152.00 and application fee £0, product fee £0, valuation fee £0.

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 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 for the fixed rate period up to and including 31 Jan 2024.
  • Interest calculated daily.
  • Maximum loan £500,000.
  • Free standard valuation up to £999.

2 Year Buy to Let Discount Rate Mortgages

Initial rate variable for the first 2 years variable, (currently)TermsThen changing to the Society's SVR less a discount of 1.00%, for the next 3 years (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
1.14% The Society's BTL Variable rate less 4.85%4.99%5.99%5.1%60%£2499 View
Max loan amount £500,000
1.34% The Society's BTL Variable rate less 4.65%4.99%5.99%5.1%70%£2499 View
Max loan amount £500,000
RATES CORRECT AS AT 20 november 2018

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 4.85% discount on our current Buy to Let Variable Rate of 5.99% for 2 years 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 £190.00, 36 monthly payments of £831.67 and 240 monthly payments of £998.33.

The total amount payable would be £476,634.00 made up of the loan amount plus interest of £274,100.00 and application fee £0, product fee £2499, valuation fee £0.

The overall cost for comparison is 5.1% 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 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 for the first 2 years.
  • Interest calculated daily.
  • Maximum loan £500,000.
  • Free standard valuation up to £999.
  • 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. This is called an execution only transaction. If you would like to receive guidance from us please call our Direct Mortgage Unit on 03444 175 785. We’re open 8am to 8pm Monday to Friday and 9am to 5pm Saturday.