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Leeds Building Society unveil new holiday let products

Jake Carter

March 2, 2021

seaside holiday let

Leeds Building Society has launched a number of holiday let products.

Notable products include a 60% LTV 5-year fix at 3.69%, and a 70% LTV 5-year fix at 4.29%.

Both offerings include a free standard valuation and fees assisted legal services is included for remortgages.

According to the society, it experienced its biggest-ever month for holiday let purchase applications last September.

The lender can consider properties where there is a proven track record of short-stay letting or where an independent surveyor confirms there is a market for holiday let properties.

Matt Bartle, director of products at Leeds Building Society, said: “Holiday lets are a popular choice for our buy-to-let borrowers with the potential for higher yield returns.

“Ongoing pandemic-related uncertainty around international travel adds to the likelihood that more Britons will holiday in the UK this year.

“Therefore a suitable property in a prime tourist area may offer an opportunity for buy-to-let landlords to diversify their portfolio with a short let holiday property.

“We’ve expanded our holiday-let range to offer more choice to borrowers, who may wish to take advantage of this under-served part of the mortgage market.”


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