The Leeds Building Society has introduced a two-year fixed rate buy-to-let mortgage as part of a wider refresh of its 70% loan to value (LTV) buy-to-let range.
The new no fee deal at 2.32%, available to portfolio and stand alone landlords, comes with a free valuation and fees assisted legal services for remortgages.
Other highlights of the refreshed 70% LTV buy-to-let mortgage range include a 1.61% two-year fixed rate, with free standard valuation, fees assisted legal services for remortgages and a £2,499 fee, and a 2.99% five-year fixed rate, with £500 cashback, free valuation and no product fee.
Jaedon Green, Leeds Building Society’s director of product and distribution, said: “We have reduced our rates on some of our two and five-year fixed rate products, making them some of the leading rates in the buy-to-let market currently.
“Buy-to-let remortgage activity continues to be strong at 70% LTV. Landlords are reacting to tax changes impacting the market and actively managing their portfolios to protect yield, at a time when the likelihood of a rise in bank base rate is increasing.
“This is an important sector in the housing market as a whole and we continue to work closely with our intermediary partners to further enhance the service we provide to them and their clients.”