Leeds Building Society has made reductions in the headline rate on a number of Landlord mortgages.
These products are available whole of market and the associated fees remain unchanged at £999.
The deals are as follows:
- Two-year fixed rate buy-to-let rate cut by 0.59% from 3.99 percentage points to 3.40% (available up to 75% LTV)
- Two-year discounted buy-to-let rate cut by 0.70% from 3.99 percentage points to 3.29% (available up to 70% LTV)
Kim Rebecchi, Leeds Building Society’s sales and marketing director, said: “We are very pleased to support landlords and with interest rates at a historic low, we believe it’s a good time to lock into a low fixed rate for greater certainty of cash flow.
“Our two-year fixed rate buy-to-let deal has no higher lending charge, and allows 10% capital repayments each year without penalty.”
The Leeds also offers a two-year fixed rate buy-to-let mortgage at 4.99% for landlords with an LTV of up to 80%.
Rebecchi added: “Landlords are faced with a plethora of mortgage products and many lenders have chosen to introduce lower rates at the expense of higher product fee. I’m delighted to be making genuine reductions that support our customers – our fees remain unchanged.”