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Leeds introduces two-year fixed rate BTL product

Martin Greenland | 16:59 Wednesday 18th July 2018

Leeds Building Society has launched a two-year fixed rate buy-to-let (BTL) mortgage product as part of a wider refresh of its 70% LTV BTL range.

The no-fee 2.32% deal is available to portfolio and standalone landlords and comes with a free valuation and fees-assisted legal services for remortgages.

Other highlights of the refreshed 70% LTV BTL mortgage range include:

  • 1.61% two-year fixed rate, with free standard valuation, fees-assisted legal services for remortgages and a £2,499 fee
  • 2.99% five-year fixed rate, with £500 cashback, free valuation and no product fee

Jaedon Green, director of product and distribution at Leeds Building Society (pictured above), said that it had reduced its rates on some of its two- and five-year fixed rate products, making them some of the leading rates in the BTL market currently.

“Buy-to-let remortgage activity continues to be strong at 70% LTV.

“Landlords are reacting to tax changes impacting the market and actively managing their portfolios to protect yield, at a time when the likelihood of a rise in bank base rate is increasing.

“This is an important sector in the housing market as a whole, and we continue to work closely with our intermediary partners to further enhance the service we provide to them and their clients.”

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