Leeds Building Society refreshes buy-to-let range

Mortgage Introducer

June 12, 2018

Leeds Building Society has refreshed its buy-to-let range with 2-year fixes at 1.44% to 60% loan-to-value and 1.69% to 70% LTV.

The products come with free standard valuation, fees assisted legal services and a £2,499 fee.

Jaedon Green, Leeds Building Society’s director of product and distribution, said: “The underlying economics of buy-to-let are changing as the government’s tax changes start to bite.

“Fixed rate products continue to look attractive, offering certainty over funding costs, but the gradual introduction of the tax changes and tapering off of tax relief, potentially creates opportunities.

“High fee products enable landlords to front load funding costs and maximise use of existing tax relief, while minimising the interest payable in future years, when tax relief is less favourable.”

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