New buy to let mortgages from Leeds Building Society
Published: 11 November 2009 By MoneyHighStreet Staff Leave a Comment
Leeds Building Society has launched new 5 year fixed rate buy to let mortgages with up to 65% LTV.
The new fixed rate buy to let mortgage has been selected as a Best Buy and awarded four stars by Moneyfacts.
It has fixed rate of 5.99% up to 60% LTV and 6.29% up to 65% LTV.
As with the new fixed rate mortgages also launching, these new buy to let mortgages allow 10% capital repayments each year without incurring early redemption penalties.
Designed to suit the needs of landlords looking for a competitive fixed rate mortgage, they don’t have a higher lending charge. There is a £199 booking fee and a £1,350 completion fee.
As Kim Rebecchi of Leeds Building Society comments ‘These new buy to let mortgages are competitive and offer the flexibility of being able to pay off 10% of the capital without penalty. They also allow landlords to lock in value and provide certainty of payments.’
You can get more information at a local branch, by telephone or on the Leeds website.
If you do have a buy to let property, don’t forget it’s not just the mortgage you need to worry about. Make sure you also choose the right landlords insurance – that takes into account the property and the tenant as well as the landlord.
