The Leeds Building Society has cut rates on its no fee buy-to-let mortgages range by up to 0.11 percentage points.
New deals include the following:
- 2.07% two year fixed rate buy-to-let mortgage, available up to 60% LTV
- 2.38% two year fixed rate buy-to-let mortgage, available up to 70% LTV
- 2.39% five year fixed rate buy-to-let mortgage, available up to 60% LTV
The products come with free standard valuation and fees assisted legal services.
Jaedon Green, the Leeds Building Society’s director of product and distribution, said: “We have reduced our rates on our two and five year fixed rate products, making them some of the most competitive in the buy-to-let market currently.
“We know the economics of buy-to-let are becoming more challenging and fixed rate products continue to be attractive for landlords, particularly at a time when momentum is growing around an increase in bank base rate following June’s Monetary Policy Committee meeting.
“We are also continuing to work closely with our intermediary partners to better meet their needs, and those of their clients, in this important sector.”