Leeds Building Society has brought two new fixed-rate holiday let products to the market.

At 60 per cent LTV the lender is offering a five-year fix at 3.69 per cent and, at 70 per cent LTV, a five-year fix at 4.29 per cent.

Both products come with a free standard valuation and for remortgage applications, fee assisted legal services.

Properties where there is a proven track record of short-stay letting or where an independent surveyor confirms there is such a market will be considered, Leeds says.

The lender adds that September 2020 saw its biggest month for holiday let purchase applications ever.

Leeds Building Society director of products Matt Bartle comments: “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.”