Please note: Leeds Building Society only accepts mortgage applications from intermediaries where they are providing an advised sales service, with the exception of Buy to Let & Holiday Let applications. It is the responsibility of the intermediary to ensure that all applicable law including, without limitation, the Financial Conduct Authority rules on advised mortgage sales are complied with including, without limitation, the provision of adequate explanations.

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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.”