Two new five year fixed rate deals have been added to Leeds Building Society’s Holiday Let mortgage range.
The Society has refreshed and updated its Holiday Let offering as the popularity of staycations has continued to grow since the COVID 19 pandemic caused disruption to foreign leisure travel.
The newest Holiday Let mortgages are:
- A 3.40 per cent five year fixed rate available up to 60 per cent LTV (loan to value); and
- A 3.99 per cent five year fixed rate available up to 75 per cent LTV.
Both come with a free standard valuation and the added incentive of fees assisted legal services for standard remortgages. The product fee for each mortgage is £999.
“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,” said Matt Bartle, Director of Products at Leeds Building Society.
“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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