Finance News

Leeds Building Society launch lowest ever five-year BTL product

Ryan - April 28, 2017

Leeds Building Society has today moved to announce a new five year fixed-rate Buy-to-let mortgage at 3.10%.

This deal comes with a low £199 fee and also comes with free valuation. What’s more, fees assisted legal services are available for standard remortgages.

Market Leading

Jaedon Green, Director of Product and Distribution at Leeds Building Society, said: ‘This market-leading Buy to Let deal is available for purchase or remortgage up to 70% LTV.’[1]

‘Buy to Let remortgage activity is highest at this LTV level and landlords appear to have been acting to minimise their costs and manage profitability as the Government’s tax changes began to affect this market.’

‘Five year fixed rate products remain the choice for borrowers looking for longer-term security over their monthly repayments, making it easier to budget, which can be particularly useful when managing a privately rented property,’ he continued.[1]

Leeds Building Society launch lowest ever five-year BTL product

Leeds Building Society launch lowest ever five-year BTL product

Alongside the new five-year fix, the Society has refreshed its wider buy-to-let range. This includes the addition of new purchase-only two-year fixed rate mortgages at 1.99%, up to 60% LTB.

[1] http://www.propertyreporter.co.uk/finance/leeds-launch-their-lowest-five-year-btl-product.html