The Society has launched two new five year fixed rate mortgages for remortgage only, 2.75% with a £1,999 fee and 2.90% with a £999 fee.
Both are available up to 70% LTV (loan to value) and come with a free valuation, as well as fees assisted legal services for standard remortgages.
Jaedon Green, Leeds Building Society’s Director of Product and Distribution, had this to say: “Our Buy to Let mortgage range includes different fee and incentive combinations, with LTVs of 60% and 70%"
These latest deals offer more choice for borrowers at the higher LTV end of this type of mortgage, where we tend to see stronger demand for remortgage deals.
The market continues to benefit from buoyant demand for Buy to Let remortgage as landlords take action to minimise costs and manage profitability. This market has become even more active since the changes to Stamp Duty came into effect last March[i] and ahead of the impending changes to tax relief.
We amended and simplified our Buy to Let criteria from the start of this year and our new approach has been well-received by brokers.”
