The Leeds Building Society has reduced rates on selected two and five year buy-to-let products.
Highlights of the reduced fixed rate buy-to-let products include:
- 1.49% two year buy-to-let mortgage available up to 60% LTV (loan to value) with a £1,999 product fee
- 2.15% five year buy-to-let mortgage available up to 60% LTV with a £999 product fee
Both products come with a free standard valuation and fees assisted legals.
Matt Bartle, Leeds Building Society’s director of products, said: “The choice and variety of mortgages for landlords in the buy-to-let sector continues to grow. We’ll keep reviewing and improving our product range to ensure we meet the needs of borrowers.
“Recent years have brought about significant changes for landlords, including increased tax liabilities and new regulations. Our reduced five year fixed rate deal is market leading in terms of true cost, while providing the opportunity for landlords to reduce the impact of tax changes and actively manage their portfolios to protect yield.”
