You are here:

Please note:

Leeds Building Society only accepts mortgage applications from intermediaries where they are providing an advised sales service, with the exception of Buy to Let & Holiday Let applications. It is the responsibility of the intermediary to ensure that all applicable law including, without limitation, the Financial Conduct Authority rules on advised mortgage sales are complied with including, without limitation, the provision of adequate explanations.

Legal Assisted 2 Year Buy To Let Tracker Rate Mortgage

RATES CORRECT AS AT 02 November 2023

Initial variable rate is BoE base rate (currently 5.25%) + 0.55%, which would currently give a rate payable of
5.80%
Up to and including

Then changing to the Society's BTL Variable Rate less a discount of 1.00%, (currently)
7.54%
Up to and inc. 28/02/2026

Then changing to the Society's BTL Variable Rate thereafter, (currently)
8.54%
For the remaining term of the mortgage

The overall cost for comparison is
8.1%
APRC

Maximum loan to value
60%

FEES AND CHARGES WILL APPLY, SOME OF WHICH ARE NON-REFUNDABLE, SEE BELOW.

Representative Example

A mortgage of £125,000.00 payable over 25 years initially on a tracker rate for 2 years at 0.55% above the Bank of England Base rate (currently 5.80%) and then a 1.00% discount on our current Buy to Let Variable Rate of 8.54% giving a rate of 7.54% for 3 years and then on our current Buy to Let Variable Rate of 8.54% for the remaining 20 years would require 24 monthly payments of £604.17, 36 monthly payments of £785.42, 240 monthly payments of £889.58.

The total amount payable would be £382,309.00 made up of the loan amount plus interest of £256,275.00 and application fee £0, product fee £999, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 8.1% APRC representative.

During the fixed term, the interest rate won’t go under 0.50%, even if the Bank of England base rate drops below this. This is sometimes referred to as an interest rate ‘floor’.

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.

This representative example has been calculated on an interest only basis. The monthly payments, total amount payable and interest charged all reflect this calculation method.

Additional features

  • During the fixed term, the interest rate won't go under 0.50%, even if the Bank of England base rate drops below this. This is sometimes referred to as an interest rate 'floor'.
  • Interest calculated daily.
  • The Society will assist in covering the basic legal costs of a standard re-mortgage.
  • Free standard valuation up to £999 .
  • Unlimited capital repayments are allowed.
  • No Early Repayment Charges apply.

Fees

Application Fee (payable on application - non-refundable)

£0

Product Fee (payable on application - this is refundable should the mortgage not complete)

£999

Mortgage Exit Fee

£199

Like the sound of this mortgage?


Buy to Let mortgages which are for business purposes are exempt from FCA Rules.

Help

Our Mortgages