Leeds launches market leading fees assisted buy to let deals
Market leading fees assisted deals available over two, three and five year periods have been added to Leeds Building Society's fixed rate buy to let range.
The company said that rates have been reduced on the fee paying versions by up to 0.40%.
The Society has launched new market leading fees assisted buy to let deals, over a three year period, from 4.49% up to 60% LTV, 4.79% up to 65% LTV and 4.99% up to 70% LTV. These new offers complement the existing market leading two and five year fees assisted buy to let products, and all combine a free standard valuation up to £335 with free in house legal services for standard re-mortgages.
The Society has reduced rates on fee paying three year buy to let fixed rates by 0.40% up to 65% LTV and by 0.30% up to 60% LTV. In addition, 10% capital repayments are allowed each year without penalty and there is no higher lending charge.
‘We believe it's a very good time to lock into a low fixed rate and have reduced rates by up to 0.40% on the three year deal. These products will attract professional landlords, who may wish to move onto a highly competitive rate and fix their monthly commitments,’ said Kim Rebecchi, Leeds Building Society sales and marketing director.
‘The Society is also benefiting first time landlords, who may require help with up front costs, by offering market leading fees assisted deals across two, three and five year periods,’ added Rebecchi.