Leeds expands holiday let range

Leeds Building Society has added two new deals to its holiday let range. 

Both of the products the lender is launching are five-year fixed rates.

At 60% LTV it is offering a rate of 3.4%, while at 75% LTV the rate is 3.99%.

The products come with a £999 fee.

For remortgage customers, Leeds is offering a free standard valuation and fees-assisted legal services.

Director of products Matt Bartle says: “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 has 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.”