Leeds cuts rates on duo of buy-to-let fixes

Ryan Fowler

October 24, 2019

Leeds Building Society has cut the rates on selected 2-year buy-to-let fixes by up to 0.06%.

As of tomorrow the society will offer a 1.44% 2-year fix up to 60% loan-to-value (LTV) (reduced by 0.05%) and a 1.59% 2-year fix up to 70% LTV (cut by 0.06%).

Matt Bartle, Leeds Building Society’s director of products, said: “Our experience and expertise in the Buy to Let market means we’re well-positioned to meet the evolving requirements of landlords.

“We know that many landlords are actively managing their portfolios, with their choice of mortgage deals playing an important role in maximising yield.

“These rate reductions follow the launch of our two year 80% LTV product, which continues to offer the lowest rate on the market.”

The 80% LTV product at a rate of 2.94% comes with a free standard valuation, fees assisted legal services for remortgages and a £2,499 product fee.

Both of the reduced products have a £1,999 product fee and come with a free standard valuation and fees assisted legal services.

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