Leek BS launches five-year buy-to-let fixed rate

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Leek Building Society has added a five-year fixed rate buy-to-let mortgage to its intermediary range.

The product is priced at 5.30% and is available up to 75% loan-to-value, with a £995 product fee.

It is aimed at landlords with up to two other rental properties who want to fix their borrowing costs over a longer term.

The society said the launch forms part of its work with brokers and landlord clients, with underwriting supported by what it described as a flexible and personal approach.

Nikki Warren-Dean, head of intermediaries at Leek Building Society, said: “Landlords continue to face a changing market environment and many are looking for greater certainty over their mortgage costs.

“This new product gives brokers another competitive option for clients seeking longer-term stability, while benefiting from the personal service and flexible lending approach that Leek Building Society is known for.

“We work closely with our intermediary partners to understand the needs of their clients and are pleased to bring another solution to market that supports those requirements.”

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