The Leeds cuts five-year buy-to-let rates

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The Leeds Building Society has cut rates on a number of five year buy-to-let mortgages by up to 0.45 percentage points.

New deals include a 2.49% five-year buy-to-let mortgage up to 60% LTV with £1,000 cashback and a 2.25% five year deal up to 60% LTV.

Both of the no fee products come with a free standard valuation and fees assisted legal services.

Matt Bartle (pictured), the Leeds Building Society’s director of products, said: “We continually keep our mortgage products under review and these rate reductions follow the recent diversification of our buy-to-let range.

“In addition to the reduced rates, we offer different fee and incentive combinations across the range, including cashback, as part of our efforts to improve our proposition for landlords, no matter what their individual circumstances.

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

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