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.

Limited Company Buy to Let Mortgages

AVAILABLE TO INTERMEDIARIES ONLY

Limited Company Buy to Let Mortgages - key points

All cases will need to be submitted using Mortgage Extra. Find out more about Limited Company Buy to Let.

To calculate affordability for Limited Company Buy to Let cases you can download our borrowing calculator.

For Limited Company Buy to Let income coverage ratio (ICR) and stress rate calculations, please see the All Product (Excel) or view the ‘assessment of rental income’ on the criteria guide.

  1. The company must only be registered with one or more of the following standard industrial classification (SIC) codes:
    68100 / 7012 – Buying and selling of own real estate
    68209 / 7020 – Other letting and operating of own or leased real estate
    68320 / 7032 – Management of real estate on a fee or contract basis
  2. Portfolio Landlord criteria applies where the company and its directors and shareholders own four or more mortgaged properties (including this application), either separately or in aggregate.
    • Maximum portfolio size of ten mortgaged rental properties, irrespective of lender. This includes mortgages in the applicant’s names, the borrowing limited company or any other limited company where an applicant owns more than 20% of the shares.
    • Maximum of four rental properties can be mortgaged with the Society, whether Buy to Let, Limited Company Buy to Let, Holiday Let, Home in Multiple Occupation or a combination. This includes mortgages, either separately or in aggregate, in the applicant’s names, the borrowing limited company or any other limited company where an applicant owns more than 20% of the shares.
  3. The directors and shareholders named on the application must have a minimum combined 75% shareholding and voting rights.
  4. The directors and shareholders can only have one company financed to The Society.
  5. No minimum income requirement (but evidence of income is still required).
  6. No maximum age at end of term.

2 Year Limited Company Buy to Let Fixed Rate Mortgages

Initial rate fixed up to and inc.31/03/2027Then the Society's BTL Variable Rate less 1.00% discount up to and inc. 31/03/2030, (currently)Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
5.19% 7.54%8.54%8.2%75%£3999 View
Max loan amount £500,000
5.54% 7.54%8.54%8.2%75%£1499 View
Max loan amount £500,000
6.39% 7.54%8.54%8.3%75%£0 View
Max loan amount £500,000
6.44% 7.54%8.54%8.4%80%£1999 View
Max loan amount £500,000
6.79% 7.54%8.54%8.4%80%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 8 november 2024

Representative Example

A mortgage of £150,000.00 payable over 25 years initially on a fixed rate for 2 years at 6.44% and then a 1% 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 £805, 36 monthly payments of £942.5 and 240 monthly payments of £1067.5.

The total amount payable would be £461,714.00 made up of the loan amount plus interest of £309,450.00 and application fee £0, product fee £1999, valuation fee £225, funds transfer fee £35.

The overall cost for comparisons is 8.4% 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.

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.

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

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

5 Year Limited Company Buy to Let Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/03/2030Then the Society's BTL Variable Rate thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
5.24% 8.54%7.7%75%£1499 View
Max loan amount £500,000
5.64% 8.54%7.8%75%£0 View
Max loan amount £500,000
5.89% 8.54%8.0%80%£1999 View
Max loan amount £500,000
6.39% 8.54%8.0%80%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 8 november 2024

Representative Example

A mortgage of £100,000.00 payable over 25 years initially on a fixed rate for 5 years at 6.39% and then on our current Buy to Let Variable Rate of 8.54% (variable) for the remaining 20 years would require 60 monthly payments of £532.5 and 240 monthly payments of £711.67.

The total amount payable would be £303,015.80 made up of the loan amount plus interest of £202,750.80 and application fee £0, product fee £0, valuation fee £225, funds transfer fee £35.

The overall cost for comparison is 8.0% 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.

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.

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

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

Help

Our Mortgages