Leeds raises BTL LTV cap to 80pc
The mutual’s 2-year fixed rate is now available at 80% LTV with a rate of 5.69%, a £199 booking fee and an £800 completion fee.
The fee-assisted version of the 2-year fix is now available at 80% LTV at a rate of 5.99% and a £199 booking fee.
The rest of Leeds’ buy-to-let range remains at a maximum LTV of 70%.
The announcement follows the launch of the society’s 95% LTV direct-only range of 5-year residential deals last December, and Aldermore’s maximum LTV increase for buy-to-let mortgages from 75% to 80% earlier this week.