Leeds launches fees assisted buy-to-let deal

Published on

Leeds Building Society

Leeds Building Society has introduced a new three-year fixed rate buy-to-let mortgage at 4.39%, up to 65% LTV.

This product offers a free standard valuation up to £335 and free in-house legal services for standard re-mortgages.

It has a £199 booking fee but on completion fee.

The maximum loan amount is £500,000 and there are tapered early repayment charges of 4% of the amount redeemed in year one, 3% in year two and 2% in year three.

There is no higher lending charge and 10% capital repayments are allowed each year without penalty.

Phil Coombes, Leeds Building Society’s head of intermediary sales, said: “This fees assisted buy-to-let deal will attract existing landlords, who can lock in security and value for a period of three years.

“This product is ideal for remortgages, with the Society offering free in-house legal services for standard remortgages, and a free standard valuation up to £335.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

HTB completes £6.5m MUFB refinance in 36 hours

Hampshire Trust Bank has completed a £6.5 million refinance on a 63-unit multi-unit freehold...

Aspen Bridging passes £750m lending milestone after record July

Aspen Bridging has passed the £750m total lending milestone following a record-breaking July, with...

Aldermore joins Growth Guarantee Scheme

Aldermore has been accredited by the British Business Bank to offer facilities under the...

Quantum Mortgages refines lending policy to support specialist landlords

Quantum Mortgages has introduced a series of changes to its lending criteria in a...

Paragon Bank appoints BDM for Central region

Paragon Bank has appointed Gary Dean as business development manager for the central England...

Latest publication

Latest opinions

Take off the rose-tinted glasses and stop chasing a rate cut

Every six weeks the financial world raises its eyebrows at the prospect of a...

Job cuts to inflation shock: preparing for a mortgage arrears crisis

The latest data on jobs paints a picture of a rapidly weakening labour market. The...

URGENT! AI Is coming for you. Or maybe not…

I’ll try to make this as straight to the point as I can. The...

Mind the gap: Can mortgage advice change the game for protection?

Many industry insiders still talk about the UK protection gap and how vast it...

Other news

HTB completes £6.5m MUFB refinance in 36 hours

Hampshire Trust Bank has completed a £6.5 million refinance on a 63-unit multi-unit freehold...

Aspen Bridging passes £750m lending milestone after record July

Aspen Bridging has passed the £750m total lending milestone following a record-breaking July, with...

Aldermore joins Growth Guarantee Scheme

Aldermore has been accredited by the British Business Bank to offer facilities under the...