Leek Building Society has added a 5-year fixed rate buy-to-let mortgage to its intermediary range, priced at 5.30% and aimed at landlords seeking longer-term certainty over their borrowing costs.
Available up to 75% LTV with a £995 product fee, the product targets landlords with up to two other rental properties who want to lock in a competitive rate over an extended term.
"Landlords continue to face a changing market environment, and many are looking for greater certainty over their mortgage costs," said Nikki Warren-Dean, head of intermediaries at Leek Building Society.
"This new product gives brokers another competitive option for clients seeking longer-term stability, while benefiting from the personal service and flexible lending approach that Leek Building Society is known for.
"We work closely with our intermediary partners to understand the needs of their clients and are pleased to bring another solution to market that supports those requirements."
The launch is part of the society's ongoing effort to support brokers with lending solutions backed by a flexible and personal approach to underwriting.
