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Leeds Building Society holiday let mortgages

  • james73515
  • 4 days ago
  • 1 min read

holiday let mortgages

If you’re looking for a fixed-rate holiday let mortgage with no arrangement fee, check out these options from Leeds Building Society (writes Howard Reuben, Principal, HCH Financial Services).

Product

Rate

Rate Type

Initial Period

Arrangement Fee

Five-year no fee holiday let 

5.14%

Fixed

63 months

£0

Two-year no fee holiday let 

5.49%

Fixed

27 months

£0

Key features of Leeds Building Society holiday let mortgages:

 

  • No maximum age at the beginning or end of the term (subject to maximum 40-year term).

  • First-time holiday let landlords accepted.

  • Maximum portfolio of 10 mortgaged rental properties, irrespective of lender.

  • Maximum of four rental properties can be mortgaged with Leeds Building Society, whether buy-to-let, holiday let, HMO, or a combination (maximum £2m value).

  • Minimum income requirements: single applicant: £40,000. For joint applicants, if no individual earns £40,000, a combined minimum income of £60,000 is required.

  • Maximum loan to value on any one property: 75% purchase or remortgage (70% for first-time landlords).

  • Maximum individual loan: £1m.

  • Minimum property valuation: £50,000.

  • A reputable holiday letting agency must provide confirmation of forecast income in writing. 

  • NB: Leeds Building Society is currently not lending on properties in some areas of North Yorkshire and Norfolk.

 

2025 is set to be a record year for remortgages. Don’t miss out on these deals or inadvertently switch to your lender’s standard variable rate, which is typically about 8.5%. Start your remortgage conversation soon to secure the most flexible and best value rates.

 

Get in touch with HCH Financial Services today:

 

 

 
 
 

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