Leeds launches rate switching options for limited company buy-to-let

Leeds Building Society has expanded its proposition to offer rate switching options for buy-to-let landlords operating through a limited company structure.

The changes mean that brokers can help their clients switch to a new limited company buy-to-let mortgage deal with Leeds once their existing term comes to an end.

Limited company buy-to-let rate switching is available through Mortgage Extra, which is powered by Finova, and brokers can access support from the Society’s lending teams to guide them through the process.

Martese Carton, director of mortgage distribution at Leeds Building Society, said: “In 2024, a record-breaking 61,517 landlords launched limited companies. This is up 24% on the previous year, and so offering more choice for brokers and their clients working under limited company structures is something we are incredibly proud to be doing.

“By launching this rate switch option, we’re able to offer additional choice for our intermediary partners, along with specialist support to navigate rate switching for existing limited company borrowers.

“Limited company buy-to-let cases can be complex and time consuming, so we’re pleased to be making things as simple as possible for our intermediary partners and their clients.”