Leeds BS unveils new buy to let mortgage deals

Monday, 11 June 2012 10:29

By Kay Carson

Leeds Building Society has announced new buy to let mortgages with a choice of fee-paying and fees-assisted versions.

The mutual has launched a five year, fixed rate deal at 4.99 per cent available up to 70 per cent loan to value (LTV), which allows 10 per cent capital repayments each year without penalty and has no higher lending charge.

It has a £199 booking fee and £800 completion fee.

There is also a fees-assisted option at 5.49 per cent up to 70 per cent LTV, which still has a £199 booking fee, but has no completion fee and includes a free standard valuation worth up to £335 and free in-house legal services for standard remortgages.

Kim Rebecchi, sales and marketing director at the Leeds, said: “Our new five year buy to let product will attract professional landlords, who may wish to move on to a highly competitive rate and fix their monthly commitments.

“The society is also benefiting first time landlords, who may require help with upfront costs, by offering a market leading fees-assisted deal for a five year period.”


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