The Leeds refreshes two year buy-to-let tracker offering

Published on

The Leeds Building Society has refreshed its range of two year buy-to-let tracker mortgages.

New deals include the following:

  • 1.46% two year buy-to-let tracker available up to 60% LTV with a £999 fee
  • 1.82% two year buy-to-let tracker available up to 70% LTV with a £999 fee
  • 1.29% two year buy-to-let tracker available up to 60% LTV with a £2,499 fee
  • 1.46% two year buy-to-let tracker available up to 70% LTV with a £2,499 fee

All products come with a free standard valuation and fees assisted legal services for standard remortgages.

Jaedon Green, Leeds Building Society’s director of product and distribution, said: “Despite the 2 August Bank Base Rate increase there’s still a place for tracker mortgages for landlords looking to make the most of their portfolio.

“The Bank of England has indicated that the era of low interest rates could last another 20 years with market expectations that the next BBR rate is at least a year away.

“In this environment, our two year buy-to-let tracker range compares favourably with the equivalent fixed rate products. While fixed rates offer certainty of payment, there is a tendency to overlook trackers, which, with the current expectations on future BBR increases could offer better value over the two year period.

“The range also provides the opportunity for landlords to reduce the impact of tax changes and actively manage their portfolios to protect yield.”

Latest POLL

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

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Other news

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...