Finance

BTL rates cut at Leeds

Warren Lewis
|
13th August 2019
Leeds 1

Leeds Building Society has announced that it has reduced rates across selected five-year buy-to-let products by up to 0.45%.

According to the lender, new rates start from 2.25% up to 60% LTV or 2.49% with £1,000 cashback. Both fee-free products come with a free standard valuation and fees assisted legal services.

At 70% LTV, five-year rates now start from 2.31% with a £999 fee or 2.54% with no fee.

Matt Bartle, director of products at Leeds Building Society, said: “We continually keep our mortgage products under review and these rate reductions follow the recent diversification of our buy-to-let range.

In addition to the reduced rates, we offer different fee and incentive combinations across the range, including cashback, as part of our efforts to improve our proposition for landlords, no matter what their individual circumstances.

We continue to work closely with our intermediary partners to better meet their needs, and those of their clients, in this important sector.”

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