Leeds Building Society has cut rates on its fixed rate buy-to-let deals by up to 0.25 percentage points.
New deals include the following:
- 2.09% two-year fixed rate for purchase only, available up to 70% loan to value (LTV)
- 1.59% two-year fixed rate for remortgage only, available up to 60% LTV
“We’ve made reductions across our range of two and five year fixed rate deals for buy-to-let borrowers,” said Jaedon Green, Leeds Building Society’s director of product and distribution.
“In addition to the reduced rates, we offer different fee and incentive combinations across the range, including cashback, as part of our ongoing efforts to improve our buy-to-let proposition.
“Earlier changes we’ve made, such as simplifying criteria and removing the minimum income requirement, have been well-received by brokers.
“We continue to work closely with our intermediary partners to better meet their needs, and those of their clients, in this important sector.”