Leeds Building Society Adds New Fixed Rate Vacation Rental Offers
Of them New five years fixed rate offers have been added to Leeds Building Society‘s Holiday Let range of mortgages.
The Society updated and updated its Holiday Let offer because the popularity of vacations has continued to grow since the COVID 19 pandemic disrupted overseas leisure travel.
The Newis Holiday Let mortgages are:
- At 3.40 percent five years fixed rate available up to 60 percent LTV (loan to value); and
- At 3.99 percent five years fixed rate available up to 75 percent LTV.
Both come with a free standard assessment and the additional incentive of assisted legal services fees for standard remortgages. The product charge for each mortgage is £ 999.
“Our latest additions to our Holiday Let are likely to attract borrowers with larger loans and we have improved this range to offer a wider choice of longer-term loans fixed rates, ”said Matt Bartle, Product Manager at Leeds Building Society.
“We are working hard to provide a choice of rate, combinations of duration and incentive to meet the needs of different clients and we have seen more borrowers favor fixed rates to give them a security of payment which makes it easier to budget for this type of property.
“Holiday Let had become more attractive to buy for Let investors in recent years, seeking to diversify their real estate portfolios, and now the demand for holidays in the UK remains extremely strong while travel abroad is less straightforward than it was before the pandemic. “