The Leeds Building Society has launched a new five-year fixed rate buy-to-let deal at 4.99%.

It is available up to 70% LTV, allows 10% capital repayments each year without penalty and has no higher lending charge.

There is also a fees-assisted offer at 5.49% up to 70% LTV, combined with a free standard valuation worth up to £335 and free in-house legal services for standard re-mortgages.

“Our new five-year buy-to-let product will attract professional landlords, who may wish to move onto a highly competitive rate and fix their monthly commitments,” said Phil Coombes (pictured), Leeds Building Society’s head of intermediary sales.

“The society is also benefiting first time landlords, who may require help with up front costs, by offering a market leading fees assisted deal for a five-year period,” he added.