The Leeds Building Society has inutroduced two new 10-year fixed rate buy-to-let mortgages.
The new products, which will launch tomorrow (30 August) are as follows:
- 2.49% 10 year buy-to-let mortgage up to 60% LTV
- 3.29% 10 year buy-to-let mortgage up to 70% LTV
Both products have a £999 product fee and come with a free standard valuation and fees assisted legal services.
Matt Bartle, the Leeds Building Society’s director of products, said: “Our new 10-year buy-to-let products provide additional choice for landlords, and follow our recent rate reductions and the introduction of new cashback incentives in our range.
“Longer term fixes provide landlords with the opportunity to budget for their mortgage costs over a decade, as well as saving any fees associated with remortaging during the period.
“In the current rate environment, fixing for a longer term offers landlords some security at a time of economic uncertainty.”