Leeds Building Society’s new fixed rate buy to let range, available over two and three year periods, has had reductions in rate of up to 0.85 per cent and now contains a number of market leading offers and a two year deal at under four per cent.
The new range is complimented by allowing 10 per cent capital repayments each year without penalty, and having no higher lending charge.
The three year fixed rate deals have seen a 0.85 per cent reduction in rate and now have market leading rates of 4.29 per cent available up to 60 per cent LTV, 4.59 per cent up to 65 per cent LTV and 4.79 per cent up to 70 per cent LTV.
The Society has also lowered rates by 0.85 per cent on fees assisted 2 year buy to let deals, and these are now market leading. These products allow a free valuation up to £335 and free in-house legal services for standard re-mortgages.
The new buy to let range from Leeds Building Society also contains a 2 year deal at under 4 per cent. This is available at 3.99 per cent up to 60 per cent LTV, at 4.19 per cent available up to 65 per cent LTV and at 4.39 per cent up
to 70 per cent LTV.
Kim Rebecchi, Leeds Building Society’s sales and marketing director said: “Our new buy to let range offers great value, with market leading three year offers and a two year deal at under four per cent. We have delivered certainty and peace of mind, not only in terms of a fixed monthly payment but also with fixed fees of only £999 on the two and three-year products.
“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 these products will attract landlords who may wish to move onto a highly competitive rate and fix their monthly commitments.
“First time landlords will also benefit from our new range, via the market leading fees assisted 2 year versions which allow a free valuation up to £335 and free legal services for re-mortgages.”
