The Leeds Building Society has reduced rates on a selection of its buy-to-let mortgages by up to 0.40 percentage points.

It has also introduced new five year fixed rate deals.

The mortgages are as follows:

• Three year fixed rate buy-to-let mortgage up to 60% LTV (loan to value) at 3.09%, reduced from 3.49%

• Three year fixed rate buy-to-let mortgage up to 70% LTV at 3.39%, reduced from 3.69%
• Three year fixed rate fees assisted buy-to-let mortgage up to 60% LTV at 3.39%, reduced from 3.69%
• Three year fixed rate fees assisted buy-to-let mortgage up to 70% LTV at 3.59%, reduced from 3.99%
• Five year fixed rate buy-to-let mortgage up to 60% LTV at 3.69%
• Five year fixed rate buy-to-let mortgage up to 70% LTV at 3.99%

There are fee assisted alternatives to the new five year fixed rate mortgages, and all these new fixed rate deals come with benefits including a free standard valuation up to £335 and fees assisted legal services for standard remortgages.

“These latest Buy to Let mortgages are extremely competitive and come with a range of benefits, including a free standard valuation and fees assisted legal services,” said Martin Richardson, Leeds Building Society’s General Manager – Business Development.

“We’ve refreshed our range following broker and customer feedback and the fees assisted versions of the products offer additional choice, depending on the borrower’s individual needs, including those homeowners who are looking to remortgage.”