Leeds Building Society has launched a buy-to-let five-year tracker with no early redemption charges. The 1.65% five year tracker is available up to 60% loan-to-value and comes with a free valuation, as well as fees assisted legal services for standard remortgages. The Society also has cut rates across its range of buy-to-let mortgages at 60% […]
Leeds Building Society has launched a buy-to-let five-year tracker with no early redemption charges.
The 1.65% five year tracker is available up to 60% loan-to-value and comes with a free valuation, as well as fees assisted legal services for standard remortgages.
The Society also has cut rates across its range of buy-to-let mortgages at 60% LTV by 0.10%.
This includes a remortgage-only five year fixed rate deal at 2.39%, with free valuation, fees assisted legal services and a £999 fee.
Jaedon Green, Leeds Building Society’s director of product and distribution, said: “We’re seeing more customers moving towards longer-term products, with five year deals the most popular.
“Our five-year tracker comes with no early redemption charges, so the borrower has no penalty charges if they decide to redeem their mortgage within the term, for example if they sell their property.
“This flexibility is useful to landlords, who may be reviewing their portfolios as the new buy-to-let tax legislation eases in.”
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