Holiday Let Mortgages

Leeds Building Society is one of only a handful of lenders to offer specially designed mortgages for properties in England, Scotland, and Wales used as holiday homes. These mortgages are for owners of holiday homes who stay in the property themselves or who let out to holidaymakers. Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.

You can choose from applying online** or over the phone, and can even use our mortgage calculator 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 Holiday Let Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/10/2020Then the Society's BTL Variable Rate less 1.00% discount 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
2.29% 4.99%5.99%5.2%60%£999 View
Max loan amount £500,000
2.59% 4.99%5.99%5.3%70%£999 View
Max loan amount £500,000

2 Year Holiday Let Fixed Rate Mortgages - No Fee

Initial rate fixed up to and inc. 31/10/2020Then the Society's BTL Variable Rate less 1.00% discount 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
2.54% 4.99%5.99%5.2%60%£0 View
Max loan amount £500,000
2.89% 4.99%5.99%5.3%70%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 27 July 2018

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

Representative Example

A mortgage of £100,000.00 payable over 25 years initially on a fixed rate for 2 years at 2.89% 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 £240.83, 36 monthly payments of £415.83 and 240 monthly payments of £499.17.

The total amount payable would be £240,585.00 made up of the loan amount plus interest of £140,550.00 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 for the fixed rate period up to and including 31/10/2020.
  • Free Standard valuation up to £999.
  • Fees assisted legal services for standard remortgages.
  • Maximum loan £500,000.
  • Interest calculated daily.

5 Year Holiday Let Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/10/23Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.99% 5.99%4.9%70%£999 View
Max loan amount £500,000
RATES CORRECT AS AT 27 July 2018

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 initially on a fixed rate for 5 years at 2.99% 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 £373.75 and 240 monthly payments of £748.75.

The total amount payable would be £353,159.00 made up of the loan amount plus interest of £202,125.00 and application fee £0, product fee £999, 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 31/10/2023.
  • Free Standard valuation up to £999.
  • Fees assisted legal services for standard remortgages.
  • Maximum loan £500,000.
  • Interest calculated daily.

2 Year Holiday Let Discount Rate Mortgages

Initial rate variable for first 2 years (currently)Then the Society's BTL Variable Rate less 1.00% discount for next 3 years, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.59% 4.99%5.99%5.5%70%£999 View
Max loan amount £500,000
RATES CORRECT AS AT 24 APR 2018

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

Representative Example

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.
  • Free Standard valuation up to £999.
  • Fees assisted legal services for standard remortgages.
  • Maximum loan £500,000.
  • Interest calculated daily.
** 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.