This will allow limited company BTL borrowers to switch to a new rate when their existing product ends.
Leeds Building Society will make this available through its Mortgage Extra platform, powered by Finova, where brokers can access support and guidance through the process from the mutual’s lending team.
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.”
She added: “Limited company BTL 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.”
Five things you need to know about BM’s limited company proposition
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Leeds Building Society’s limited company BTL range includes two- and five-year fixes at 75% and 80% loan-to-value (LTV) tiers, with different fee options.
