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Leeds Building Society expands holiday let range

Leeds Building Society has launched two five-year fixed rate holiday let products.

They have a rate of 3.69% to 60% LTV and 4.29% to 70% LTV

The products come with a free standard valuation, while for remortgages fees assisted legal services is included.

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.”