Leeds makes cuts to 5-year buy-to-let range

Ryan Fowler

August 12, 2019

Leeds Building Society has cut its rates on some of its five year buy-to-let mortgages by up to 0.45%.

Changes will see the Leeds offer a 2.49% 5-year buy-to-let mortgage up to 60% loan-to-value LTV with £1,000 cashback (0.45% reduction).

It will also offer a 2.25% buy-to-let mortgage up to 60% LTV (0.36% reduction). Both are fee-free products and come with a free standard valuation and fees assisted legal services.

Matt Bartle, Leeds Building Society’s director of products, said: “We continually keep our mortgage products under review and these rate reductions follow the recent diversification of our buy-to-let range.

“In addition to the reduced rates, we offer different fee and incentive combinations across the range, including cashback, as part of our efforts to improve our proposition for landlords, no matter what their individual circumstances.

“We continue to work closely with our intermediary partners to better meet their needs, and those of their clients, in this important sector.”

Other five year deals up to 70% LTV include a 2.31% 5-year buy-to-let mortgage (0.07% reduction) with a £999 fee and a 2.54% 5-year buy-to-let mortgage (0.26% reduction) with no product fee.

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