Leeds Building Society has launched a new two-year 70% LTV buy-to-let fixed rate product, available exclusively to the LSL group, including TMA Mortgage Club for Directly Authorised advisers.
This new buy-to-let product offers purchase and remortgage options to UK landlords, offering a 2.49% fixed rate to 31 August 2018 for loans up to 70% LTV, with no booking fee (£699 arrangement fee which may be added to the borrowing within LTV) and a free valuation for properties worth up to £2m.
The scheme also offers fees assisted legal services for standard remortgages.
David Copland, director of mortgage services at LSL Financial Services, said: “Once again we see Leeds Building Society being supportive of Directly Authorised firms and in particular TMA.
“We are delighted to be offering this product as an exclusive with a reasonable fee, a great rate and a practical rental yield calculation.”
Jaedon Green, director of product and distribution at Leeds Building Society, added: “The buy-to-let market is going through a lot of change at present and landlords are in a period of adjustment as the new regulations and phased tax changes take effect.
“We’re mindful of this as we work closely with our intermediary partners to develop products which will assist and appeal to landlords.”