Leeds offers 5 year fixed rate BTL deal
Previously, Leeds had higher versions available at 5.69% up to 60% LTV and 5.99% up to 65% LTV, but its standard, lower rate of 4.99% can now be obtained up to 70% LTV.
Kim Rebecchi, Leeds Building Society’s sales and marketing director said, “We have delivered certainty and peace of mind, not only in terms of a fixed monthly payment but also with a fixed fee. Clearly, this is of significant benefit to those landlords looking to budget and manage their portfolio.
“We believe it’s a very good time to lock into a low fixed rate, and this product will attract professional landlords who may wish to move onto a highly competitive rate and fix their monthly commitments.
“The society also has a fees assisted version of this product available, with a free valuation up to £335 and free in-house legal services for remortgages. This will benefit first-time landlords requiring help with upfront costs.”