The Leeds Building Society has introduced two new fixed rate buy-to-let mortgages for the purchase market.
There is a two-year fixed rate mortgage at 2.00%, available up to 60% LTV and a two-year fix at 2.40%, available up to 70% LTV.
Each mortgage comes with a free valuation for properties worth up to £500,000 and is available for purchase only.
Jaedon Green, The Leeds Building Society’s director of product and distribution, said: “Perhaps unsurprisingly, there was a peak of activity in the buy-to-let market earlier this year before the Stamp Duty increases came into force.
“Despite tax changes and forthcoming regulatory changes, the UK continues to benefit from a strong demand for rental properties.
“Buy-to-let provides a natural complement to home ownership. A stable housing market requires a healthy equilibrium, with rental properties enabling greater flexibility and employment mobility.”
