Leeds refreshes 2-year buy-to-let tracker range

Mortgage Introducer

August 16, 2018

Leeds Building Society has refreshed 2-year buy-to-let tracker rates.

They now stand at 1.46% to 60% loan-to-value and 1.82% to 70% LTV, both with a £999 fee.

There are also 2-year trackers at 1.29% to 60% LTV and 1.46% to 70% LTV, both with a £2,499 fee.

Jaedon Green, director of product and distribution at Leeds Building Society, said: “Despite the 2 August Bank Base Rate increase there’s still a place for tracker mortgages for landlords looking to make the most of their portfolio.

“The Bank of England has indicated that the era of low interest rates could last another 20 years with market expectations that the next BBR rate is at least a year away.

“In this environment, our two year buy to let tracker range compares favourably with the equivalent fixed rate products. While fixed rates offer certainty of payment, there is a tendency to overlook trackers, which, with the current expectations on future BBR increases could offer better value over the two year period.

“The range also provides the opportunity for landlords to reduce the impact of tax changes and actively manage their portfolios to protect yield.”

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