Legal & General Mortgage Club has signed a deal with Leeds Building Society to distribute a holiday buy-to-let product.
The product is a 5-year fix at 2.74% to 70% loan-to-value with a £999 product fee, with a maximum loan amount of £500,000.
Danny Belton, head of lender relationships, Legal & General Mortgage Club, said: “Holiday buy-to-let has largely been in the domain of regional building societies and specialist lenders.
“However, in recent years, we’ve seen an increase in the number of lenders offering products in this sector and we’re delighted to work with Leeds Building Society to build and support this proposition whilst providing exclusive products to our members.”
Borrowers can overpay the mortgage by 10% without penalty.