Leeds refreshes 70% LTV range

Michael Lloyd

July 17, 2018

Leeds Building Society has refreshed its 70% loan-to-value (LTV) buy-to-let range.

At 70% LTV there’s a no fee deal at 2.32%, available to portfolio and standalone landlords. It comes with a free valuation and fees assisted legal services for remortgages.

Other highlights include a 1.61% 2-year fixed rate, with free standard valuation, fees assisted legal services for remortgages and a £2,499 fee and a 2.99% 5-year fixed rate, with £500 cashback, free valuation and no product fee.

Jaedon Green, Leeds Building Society’s director of product and distribution, said: “We have reduced our rates on some of our two and five year fixed rate products, making them some of the leading rates in the Buy to Let market currently.

“Buy-to-let remortgage activity continues to be strong at 70% LTV. Landlords are reacting to tax changes impacting the market and actively managing their portfolios to protect yield, at a time when the likelihood of a rise in Bank Base Rate is increasing.

“This is an important sector in the housing market as a whole and we continue to work closely with our intermediary partners to further enhance the service we provide to them and their clients.”

Enter your e-mail address to receive updates straight to your inbox



Show Comments