The Leeds Building Society reduces BTL fixed rates

Published on

The Leeds Building Society has cut rates on its no fee buy-to-let mortgages range by up to 0.11 percentage points.

New deals include the following:

  • 2.07% two year fixed rate buy-to-let mortgage, available up to 60% LTV
  • 2.38% two year fixed rate buy-to-let mortgage, available up to 70% LTV
  • 2.39% five year fixed rate buy-to-let mortgage, available up to 60% LTV

The products come with free standard valuation and fees assisted legal services.

Jaedon Green, the Leeds Building Society’s director of product and distribution, said: “We have reduced our rates on our two and five year fixed rate products, making them some of the most competitive in the buy-to-let market currently.

“We know the economics of buy-to-let are becoming more challenging and fixed rate products continue to be attractive for landlords, particularly at a time when momentum is growing around an increase in bank base rate following June’s Monetary Policy Committee meeting.

“We are also continuing to work closely with our intermediary partners to better meet their needs, and those of their clients, in this important sector.”

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

L&C strengthens senior team with partnerships and technology hires

L&C Mortgages has expanded its senior leadership team with the appointment of Rachael Hunnisett...

PMS reports double-digit growth in mortgages and protection

PMS Mortgage Club says it is on course for its strongest performance in five...

Property firms urged to engage early with digital home-moving reforms

Property professionals have been urged to start testing digital home-moving processes now rather than...

DPMSG launches consumer guide to Smart Property Data

The Digital Property Market Steering Group has launched a consumer-focused video explaining how Smart...

Together joins Equity Release Council as later life market broadens

Together has become a member of the Equity Release Council as the specialist lender...

Latest publication

Other news

L&C strengthens senior team with partnerships and technology hires

L&C Mortgages has expanded its senior leadership team with the appointment of Rachael Hunnisett...

PMS reports double-digit growth in mortgages and protection

PMS Mortgage Club says it is on course for its strongest performance in five...

Property firms urged to engage early with digital home-moving reforms

Property professionals have been urged to start testing digital home-moving processes now rather than...