The Leeds Building Society has launched a five year fixed rate buy-to-let mortgage at 3.10%.

It comes with a £199 fee and also has a free valuation. Fees assisted legal services are available for standard remortgages.

“This market-leading buy-to-let deal is available for purchase or remortgage up to 70% loan to value (LTV),” said Jaedon Green, Leeds Building Society’s director of product and distribution.

“Buy-to-let remortgage activity is highest at this LTV level and landlords appear to have been acting to minimise their costs and manage profitability as the government’s tax changes began to affect this market.

“Five year fixed rate products remain the choice for borrowers looking for longer-term security over their monthly repayments, making it easier to budget, which can be particularly useful when managing a privately rented property.”