Leeds launches fees assisted BTL

The society has launched new fees assisted Buy-to-let deals over a 3 year period, from 4.49% up to 60% LTV, 4.79% up to 65% LTV and 4.99% up to 70% LTV.

These new offers complement the existing 2 and 5 year fees assisted buy-to-let products, and all combine a free valuation up to £335 with free in-house legal services for standard remortgages.

Furthermore, rates have been reduced on the fee-paying versions by up to 0.40%.

The society has reduced fee paying 3 year buy-to-let fixed rates by 0.40% up to 65% LTV and by 0.30% up to 60% LTV. In addition 10% capital repayments are allowed each year without penalty and there is no higher lending charge.

Phil Coombes, Leeds Building Society’s head of intermediary sales, said: "We believe it’s a very good time to lock into a low fixed rate and have reduced rates by up to 0.40% on the 3 year offer. These products will attract professional landlords, who may wish to move onto a highly competitive rate and fix their monthly commitments.

"The society is also benefiting first-time landlords, who may require help with upfront costs, by offering market leading fees assisted deals across 2, 3 and 5 year periods."