Leeds Building Society offers new BTL mortgage with no ERCs
Leeds Building Society has extended its range of competitive Buy to Let mortgages by launching two new fixed rate mortgages without Early Redemption Charges (ERCs).
The deals are:
- Two year fixed rate Buy to Let mortgage at 2.50% available up to 60% LTV (loan to value)
- Two year fixed rate Buy to Let mortgage at 3.15% available up to 70% LTV
Each mortgage comes with a free valuation, fees assisted legal services for standard remortgages, and has a £1,999 fee.
“These latest additions to our competitive Buy to Let mortgage range offer borrowers extra flexibility through the absence of penalties for early redemption,” said Jaedon Green, Leeds Building Society’s Director of Product and Distribution.
“There have been a lot of changes affecting the Buy to Let market in recent months and the phased introduction of new regulation and tax treatment requires a period of adjustment for landlords.
“Change creates uncertainty, hence our timely introduction of these latest Buy to Let deals.
“The absence of ERCs means landlords can evolve their approach to the emerging legislation while retaining a degree of flexibility.”