Leeds cuts buy-to-let mortgage rate by up to 0.70pc
The products are available whole of market and the associated fees remain unchanged at £999:
Kim Rebecchi, Leeds Building Society sales and marketing director, said: “We are very pleased to support landlords and with interest rates at a historic low, we believe it’s a good time to lock into a low fixed rate for greater certainty of cash flow.
“Our 2-year fixed rate buy-to-let deal has no higher lending charge, and allows 10% capital repayments each year without penalty.”
Whilst landlords with a loan to value of 75% or below have an increasing choice of buy-to-let mortgages, product availability above 75% remains limited. Leeds Building Society offers a 2-year fixed rate buy-to-let mortgage at 4.99% for landlords with an LTV of up to 80%.
“Landlords are faced with a plethora of mortgage products and many lenders have chosen to introduce lower rates at the expense of higher product fee. I’m delighted to be making genuine reductions that support our customers – our fees remain unchanged.”