Leeds reduces BTL rate

This rate is available up to 70 per cent LTV and allows the flexibility of 10 per cent capital repayments each year, without penalty.
Kim Rebecchi, Leeds Building Society’s sales and marketing director said: “We have looked carefully at the buy-to-let market and reduced this two year discount, available up to 70 per cent, by 0.30 per cent. This highly competitive rate compliments our existing 2 year discount available up to 65 per cent LTV, at only 4.29 per cent.
“These buy to let options have been specifically designed to offer landlords greater choice and flexibility. They have no higher lending charge and 10 per cent capital repayments are allowed each year without penalty.”