Leeds launches 3.10% 5-year fix at 70% LTV

Mortgage Introducer

April 26, 2017

Leeds Building Society has launched a 5-year fixed rate mortgage at 3.10% to 70% loan-to-value.

The product comes with a £199 fee and also has a free valuation. Fees assisted legal services are available for standard remortgages.

Jaedon Green, Leeds Building Society’s director of product and distribution, said: “This market-leading buy-to-let deal is available for purchase or remortgage up to 70% LTV (loan to value).

“Buy-to-let remortgage activity is highest at this LTV level and landlords appear to have been acting to minimise their costs and manage profitability as the government’s tax changes began to affect this market.

“5-year fixed rate products remain the choice for borrowers looking for longer-term security over their monthly repayments, making it easier to budget, which can be particularly useful when managing a privately rented property.”

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