Leeds reduces two-year discount buy-to-let mortgage deal

Leeds Building Society has cut rates on its two-year discount buy-to-let mortgage, reducing the fees-assisted deal by 0.30 per cent to 2.79 per cent.

The discount mortgage is available up to 70 per cent LTV and comes with the added benefits of a low £199 fee, a free standard valuation up to £335 and fees-assisted legal services for standard remortgages.

“This latest rate reduction further increases the choice across our competitive range of buy-to-let and holiday-let mortgages and offers an attractive alternative to fixed rate deals,” says Martin Richardson, Leeds Building Society’s general manager – business development.

“We’ve reviewed and refreshed our product range, which includes fixed, variable and discount rate deals with a combination of fee and benefit packages.

“We expect the fees assisted products to appeal in particular to homeowners who want to remortgage and are seeking to minimise the costs of switching to a more competitive deal while rates are low.”