Leeds Building Society unveils holiday lets

Leeds Building Society has launched 2 and 5-year fixed rate holiday let mortgage let loans.

There is now a 2.40% 5-year fixed rate to 60% loan-to-value, as well as a 3.99% 5-year fix to 75% LTV.

Both products come with a £999 product fee.

However they also have the incentives of a free standard valuation and fees assisted legal services for remortgages

Matt Bartle, director of products at Leeds Building Society, said: “Our latest additions to our Holiday Let offering are likely to appeal to borrowers with larger loan sizes and we’ve improved this range to offer a greater choice of longer term fixed rates.

“We work hard to provide a choice of rate, term and incentive combinations to suit different customers’ needs and we’ve seen more borrowers favour fixed rates to give them security of payments which helps when budgeting for this type of property.

“Holiday let had become more attractive to buy-to-let investors in recent years, as they sought to diversify their property portfolios, and now demand for holidays in the UK remains extremely strong while travel abroad is less straightforward than it was pre-pandemic.”

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