Reduced Rates On Buy To Let Mortgages From Leeds

Leeds Building Society has reduced the interest rates on its 2 and 3 year fixed buy to let mortgages and has reduced the fee on its 5 year fixed rate deal.

The 2 year fixed buy to let mortgage has been reduced by 0.25% and is now available from 4.64% up to 60% LTV. There is a £199 Booking Fee and an £800 Completion Fee up to £500,000

The 3 year deal has been reduced by 0.35% and now start at 5.14% up to 60% LTV. It also has a £199 Booking Fee but has a £1,350 Completion Fee up to £500,000

The 5 year 60% LTV deal at 5.69% now has a flat fee of £999 and is a Best Buy product. There’s also the £199 Booking Fee.

These new buy to let mortgages allow 10% capital repayments each year without penalty, and there is no higher lending charge.

Kim Rebecchi, Leeds Building Society’s Sales and Marketing Director said, “We have delivered certainty and peace of mind, not only in terms of a fixed monthly payment, but also with fixed fees of only £999 on the 2 and 5 year products. Clearly, this is of significant benefit to those landlords looking to budget and manage their portfolio. We believe it’s a very good time to lock into a low fixed rate and have reduced rates by 0.35% on the 3 year deal.

“These products will attract professional landlords, who may wish to move onto a highly competitive rate and fix their monthly commitments, as well as benefiting first time landlords.”

For more information, customers can call into their local branch or apply online at www.leedsbuildingsociety.co.uk. Alternatively call the Society’s mortgage hotline, on 08450 540 994, where qualified mortgage advisors are available 7 days a week from 8am to 8pm.