Finance

Leeds BS cuts buy-to-let rates

Rozi Jones
|
12th March 2019
Leeds 377
"Recent years have brought about significant changes for landlords, including increased tax liabilities and new regulations. "

Leeds Building Society has reduced rates on selected two and five year buy-to-let products by up to 0.15%.

Highlights of the new range include a two-year fixed rate at 1.49% up to 60% LTV with a £1,999 product fee, and a five-year fix at 2.15% with a £999 fee.

Both products come with a free standard valuation and fees assisted legals.

Matt Bartle, Leeds Building Society’s director of products, said: “The choice and variety of mortgages for landlords in the buy-to-let sector continues to grow. We’ll keep reviewing and improving our product range to ensure we meet the needs of borrowers.

“Recent years have brought about significant changes for landlords, including increased tax liabilities and new regulations. Our reduced five year fixed rate deal is market leading in terms of true cost, while providing the opportunity for landlords to reduce the impact of tax changes and actively manage their portfolios to protect yield.”

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