According to the lender, the new product is available at 2.94% and comes with a free standard valuation, fees assisted legal services for remortgages and a £2,499 product fee. Reduced 80% LTV rates include a two-year fixed rate buy-to-let product at 3.29% with a £999 fee and a five-year fix at 3.59% with a £999 fee or 3.84% with no fee.
All of these products come with a free standard valuation and fees assisted legal services.
Matt Bartle, director of products at Leeds Building Society, had this to say: “Recent years have seen a variety of changes for landlords, including new rules for portfolio landlords and tax changes that continue to affect those operating in the private rented sector.
We know these changes mean landlords are more actively managing their property portfolios to maximise their yield and making sure they have the best deals on their mortgages. Our new two-year mortgage has enhanced the choice available to landlords and we continue to use our expertise and experience in the market to meet the needs of this important sector.
We keep our mortgage products under review and these rate reductions are part of our efforts to improve our proposition for landlords. We continue to work closely with our intermediary partners to better understand and meet their needs, and those of their clients.”
