Let's ease the pressure

Portfolio Landlords

What you need to know


On 30 September, the Prudential Regulation Authority  implemented new regulations for portfolio Buy to Let lending.

A portfolio landlord is one with four or more mortgaged rental properties.

We've changed our criteria to give portfolio landlords more options and greater flexibility, and we've made the application process smoother for intermediaries.

These changes apply to all new applications submitted on or after Friday 29th September.

Our improved criteria

We've increased our maximum portfolio size to 10 mortgaged rental properties (including all lenders).

Up to 4 of these properties can be mortgaged with Leeds Building Society, whether Buy to Let, Holiday Let or a mixture of both.

An even better service

As part of our commitment to buy to let lending, we've set up a dedicated Buy to Let and Holiday Let underwriting team. They assess each case individually to make sure the process is smooth and straightforward.

We've also developed an interactive submission form for all rental property cases and provided underwriter training to our BDMs.

The documentation we'll need from your client

When applying for a Buy to Let mortgage, portfolio landlords will need to provide:

In more complicated cases, we may ask for additional information, such as a cash flow.

For more information, contact your dedicated BDM.

How to apply

Step 1Submit an online Decision in Principle in the usual way.1

Step 2: Our acknowledgement will contain a link to the Portfolio Landlord Declaration Form.

It will also explain how to submit the form securely to one of our specialist Buy to Let underwriters.2 Please return the fully completed form within 48 hours.

Step 3: Receive a decision within 24 hours.3

1If you're not already registered online you can create an account

2You'll need Adobe PDF Reader, which you can download for free

3On a small number of applications additional information may be requested

Please note: Leeds Building Society only accepts mortgage applications from intermediaries where they are providing an advised sales service, with the exception of Buy to Let & Holiday Let applications. It is the responsibility of the intermediary to ensure that all applicable law including, without limitation, the Financial Conduct Authority rules on advised mortgage sales are complied with including, without limitation, the provision of adequate explanations.