The Leeds Building Society has reduced rates on selected fee free two-year buy-to-let fixed rate mortgages and added a new 80% loan to value (LTV) product.
Highlights of the range refresh, both of which include free standard valuation and fees assisted legal services and no product fee, are:
1.99% two-year buy-to-let mortgage up to 60% LTV (reduced by 0.13%)
2.19% two-year buy-to-let mortgage up to 70% LTV (reduced by 0.10%)
Matt Bartle, the Leeds Building Society’s director of products, said: “We continue to provide a wide range of choice to landlords through our buy-to-let range and use our insight and expertise to offer a variety of fees and incentives for borrowers.
“We know landlords are taking an active role in managing their portfolio to maximise yield and making sure they have the best deal on their mortgage. Our buy-to-let rate reductions and new 80% LTV mortgage have been implemented to continue offering landlords greater choice no matter what their individual circumstances.”
The mutual has also launched a new 3.40% two-year fixed buy-to-let mortgage with a £399 fee at 80% LTV, which comes with free standard valuation and fees assisted legal services.