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.”