Leeds Building Society launches exclusive holiday let product for SimplyBiz Mortgages

SimplyBiz Mortgages has teamed up with Leeds Building Society for an exclusive holiday let offer.

The product, available for all SimplyBiz Mortgage members with immediate effect, is provided at a rate of 3.89% at up to 75% LTV on two-year loan terms.

It also offers no feed, assisted legals, a free valuation and a 0.50% procuration fee for brokers.

Makayla Everritt, head of mortgages at SimplyBiz Mortgages, said: “With ‘staycations’ being very much the trend of the past 12 months, there’s never been a better time for those with rental property to ensure they are fully booked up over the holiday periods and beyond.  

“People choosing to explore more of their home nations has unsurprisingly prompted an interest in investment into property for holiday let purposes and we are particularly pleased that the team at Leeds Building Society has been able to offer this exclusive rate to our members. 

“In addition, Leeds’ recent announcement on the changes to its affordability evaluation to better reflect a holiday lets’ earning potential means this is a very attractive solution.”

James Chutter, corporate account manager at Leeds Building Society, added: “A higher demand for UK holidays, and the potential returns for a property investor, have created more competition in this area of the market. 

“We’re delighted to provide SimplyBiz Mortgages members with this market-leading exclusive product, along with our recently enhanced affordability assessment to support clients as they achieve their goals.”

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