Need help?
If you’re looking to buy or re-mortgage an investment property, we offer a wide range of options:
Residential Investment Buy to Let – our standard buy to let mortgage is for properties that you let on an Assured Shorthold Tenancy to someone who is not related to you.
Regulated Buy to Let - like our standard buy to let, but where your rental property is occupied by an immediate family member.
Non-homeowner Buy to Let - if you don’t own the property you live in, but still want to buy or re-mortgage a property to let out, then this mortgage is for you.
Portfolio Landlords – if you have 4 or more mortgaged Buy to Let properties, get in touch to talk about how we can help you.
Holiday Lets – if you’re looking to buy or re-mortgage a property that’s offered for let on a short-term, holiday let basis for at least 210 days per year, then this is for you.
Limited Company Buy to Let – if you wish to purchase or re-mortgage a buy to let property which is, or will be, owned by a Limited Company set up as a special purpose vehicle (SPV) for holding and letting residential investment property.
To find out more information or to book at appointment with one of our Qualified Mortgage Advisers, call us on 08081696680 or email mortgagesupport@leekbs.co.uk
| Product | Product Fee | Application Fee | Initial Rate | Reverting to standard variable rate currently | Overall cost for comparison | Terms and Conditions |
| 3047 Buy to Let Standard 5 Year Fixed Rate up to 75% loan to value | £1495 | £0 | 5.38% Fixed until 28/02/2029 | 8.24% | 7.4% Annual Percentage Rate of Charge (APRC)1 | View |
| 3060 Buy to Let Standard 5 Year Fixed Rate up to 65% loan to value | £1495 | £0 | 4.95% Fixed until 28/02/2029 | 8.24% | 7.3% Annual Percentage Rate of Charge (APRC)1 | View |
¹ The actual rate available will depend upon your circumstances, please ask for a personalised illustration.
² You will receive a cashback on completion of your mortgage. Not available for mortgage transfers or additional borrowing.
³ These products are not available for Portfolio Landlords, Regulated Buy to Let or Non-Homeowner borrowers.
Representative Example (based on a Non-portfolio Investment Property purchase):
The Annual Percentage Rate of Charge (APRC) varies with the circumstances of each mortgage. Here is a representative example of a loan secured on your investment property: A mortgage of £250,000.00 on an interest only basis payable over 25 years initially on a fixed rate for 5 years fixed at 5.38% and then on our Standard Variable Rate (SVR) of 8.24% (variable) for the remaining 20 years you would pay:
1 monthly repayment of £36.75, followed by
60 monthly repayments of £1,115.99, followed by
240 monthly repayments of £1,705.09
1 final payment of £250,000.00
The total amount payable would be £727,852.75 made up of the loan amount of £250,000.00 plus interest (£476,217.75), product fee of £1,495, a funds transfer fee of £20 and legal fee of £120. The overall cost for comparison is 7.4% APRC representative.
Please note: the example above is for a non-portfolio investment property purchase only and assumes a payment date of 1st of the month. If you choose to pay your mortgage later in the month this will affect payments and could result in a higher APRC. For product transfers, re-arrangement and additional borrowing applications, certain fees do not apply. Please speak to your mortgage adviser for further details.
| Product | Product Fee | Application Fee | Initial Rate | Reverting to standard variable rate currently | Overall cost for comparison | Terms and Conditions |
| 1997 Buy to Let Standard 2 Year Discounted rate up to 75% loan to value | £995 | £0 | 5.65% Variable for 2 Years (our standard variable rate minus 2.59% discounted) | 8.24% | 8.0% Annual Percentage Rate of Charge (APRC)1 | View |
| 1998 Buy to Let Green Holiday Let 2 Year Discounted rate up to 75% loan to value WITH £400 Cashback² | £995 | £0 | 5.70% Variable for 2 Years (our standard variable rate minus 2.54% discounted) | 8.24% | 8.1% Annual Percentage Rate of Charge (APRC)1 | View |
| 1999 Buy to Let Holiday Let 2 Year Discounted rate up to 75% loan to value | £995 | £0 | 5.70% Variable for 2 Years (our standard variable rate minus 2.54% discounted) | 8.24% | 8.1% Annual Percentage Rate of Charge (APRC)1 | View |
| 3006 Buy to Let Regulated Family 2 Year Discounted rate up to 75% loan to value | £0 | £0 | 6.10% Variable for 2 Years (our standard variable rate minus 2.14% discounted) | 8.24% | 8.1% Annual Percentage Rate of Charge (APRC)1 | View |
| 3033 Buy to Let Portfolio 2 Year Discounted Rate up to 75% loan to value | £995 | £0 | 5.75% Variable for 2 Years (our standard variable rate Minus 2.49% discounted) | 8.24% | 8.1% Annual Percentage Rate of Charge (APRC)1 | View |
| 3049 Buy to Let Non Homeowner 2 Year Discounted Rate up to 75% loan to value | £0 | £0 | 6.10% Variable for 2 years (our standard variable rate Minus 2.14% discounted) | 8.24% | 8.1% Annual Percentage Rate of Charge (APRC)1 | View |
| 3055 Buy to Let Green Ltd Co BTL 2 Year Discounted Rate up to 75% loan to value WITH £400 Cashback² | £995 | £0 | 5.99% Variable for 2 years (our standard variable rate Minus 2.25% discounted) | 8.24% | 8.1% Annual Percentage Rate of Charge (APRC)1 | View |
| 3056 Buy to Let Ltd Co BTL 2 Year Discounted Rate up to 75% loan to value | £995 | £0 | 5.99% Variable for 2 years (our standard variable rate Minus 2.25% discounted) | 8.24% | 8.1% Annual Percentage Rate of Charge (APRC)1 | View |
¹ The actual rate available will depend upon your circumstances, please ask for a personalised illustration.
² You will receive a cashback on completion of your mortgage. Not available for mortgage transfers or additional borrowing.
³ These products are not available for Portfolio Landlords, Regulated Buy to Let or Non-Homeowner borrowers.
All our discounted mortgage products have a floored rate which means your interest rate will never go below this floored rate during the term of the product. To see the floored rate, please click on the View link next to the product.
Representative Example (based on a Non-portfolio Investment Property purchase):
The Annual Percentage Rate of Charge (APRC) varies with the circumstances of each mortgage. Here is a representative example of a loan secured on your investment property: A mortgage of £250,000.00 on an interest only basis payable over 25 years initially on a discounted variable rate of 5.65% (equal to 2.59% discount off our Standard Variable Rate) for 2 years and then on our Standard Variable Rate (SVR) of 8.24% (variable) for the remaining 23 years you would pay:
1 monthly repayment of £656.08, followed by
24 monthly repayments of £1,171.74, followed by
276 monthly repayments of £1,705.09
1 final payment of £250,000.00
The total amount payable would be £750,517.68 made up of the loan amount of £250,000.00 plus interest (£499,382.68), product fee of £995, a funds transfer fee of £20 and legal fee of £120. The overall cost for comparison is 8.0% APRC representative. Please note: the example above is for a non-portfolio investment property purchase only and assumes a payment date of 1st of the month. If you choose to pay your mortgage later in the month this will affect payments and could result in a higher APRC. For product transfers, re-arrangement and additional borrowing applications, certain fees do not apply. Please speak to your mortgage adviser for further details.
.png)
Appointments with our Mortgage Advisers are available over the phone, via Teams video call or in person at any of our branches. Your dedicated Mortgage Adviser will guide you through the process, listening closely to your needs and circumstances to ensure you receive the most suitable mortgage for you.
Call us free between 9am - 5pm (Monday - Friday) on 0808 169 6680 to make an appointment with one of our Qualified Mortgage Advisers.
Appointments available between:
8am - 7pm Monday - Thursday
8am - 5pm - Friday
9am - 4pm - Saturday
If you call outside these hours please leave a message and we will call back as soon as possible during office hours.
Leek Building Society received the award of Best Building Society 2023 at the British Bank Awards, sponsored by Smart Money People, on 11 May 2023.
Leek Building Society is a trading name of Leek United Building Society, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority with firm reference number 100014. Our details can be found on the Financial Services Register at https://register.fca.org.uk/s/. Leek United Building Society’s address for service is 50 St. Edward Street, Leek, Staffordshire ST13 5DL.
