Leeds Building Society has instituted rate reductions across its buy-to-let mortgage range.
Following rate cuts earlier this month, further reductions of up to 0.15% have been made across the buy-to-let range, including portfolio products.
The improvements apply across a number of products including those with a lower fixed rate supported by a higher product fee.
New rates include the following:
Buy-to-Let 2-Year Fixed Rate Mortgage: 5.52%
- Initial rate: 5.52%
- Fees: £1,999
- Term 2 years, until 31/01/2026
Buy-to-Let 2-Year Fixed Rate Mortgage: 6.14%
- Initial rate: 6.14%
- No fees
- Term 2 years, until 31/01/2026
Buy-to-Let 5-Year Fixed Rate Mortgage: 5.09%
- Initial rate: 5.09%
- Fees: £1,999
- Term 5 years, until 31/01/2029
Buy-to-Let 5-Year Fixed Rate Mortgage: 5.39%
- Initial rate: 5.39%
- No fees
- Term 5 years, until 31/01/2029
Sean Hanson, senior mortgage manager at Leeds Building Society, said: “As an important tenure within a healthy housing market, we continue to respond to the changing needs of landlords in the private rented sector.
“The further rate reductions we have made will serve the market as a whole, helping to reduce costs for landlords, which we hope will improve the outlook for private renters too.
“The changes we’ve made as part of our ongoing review of rates aims to support our intermediary partners who are advising clients in this sector.”
