The Leeds Building Society its reducing the two year, discount buy-to-let, fees assisted deal by 0.30 percentage points to 2.79% tomorrow (9 October).

The discount mortgage is available up to 70% LTV and comes with a £199 fee, a free standard valuation up to £335 and fees assisted legal services for standard remortgages.

10% penalty-free capital repayments are allowed each year and unlimited capital repayments can be made after year two.

“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,” said Martin Richardson, Leeds Building Society’s general manager for 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.”