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.”