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Fees cut on Buy to Let mortgages from Leeds Building Society

Leeds Building Society has cut the fees on part of its competitive range of Buy to Let mortgages.

The Society offers a two year fixed rate Buy to Let mortgage at 3.24% and a two year tracker Buy to Let mortgage at 2.84%, each with a £199 fee.

Both mortgages are available up to 60% LTV and come with a range of benefits including a free standard valuation up to £335 and free in-house legal services for remortgages.

“We’re pleased to have been able to reduce the product fees on these competitive Buy to Let mortgages,” said Martin Richardson, Leeds Building Society’s General Manager – Business Development.

“In addition to the assisted fees, benefits including free valuation and legal services will bring down the upfront costs of the deal even further.”

To discuss a new case with one of our mortgage development team, mortgage introducers should go to www.leedsintroducer.co.uk to find details of their nearest Business Developer contact.

Ends

Notes to Editors

Leeds Building Society has 67 branches throughout the UK, Gibraltar and Ireland and assets of £11.2bn (as at 31 December 2013). The Society has operated from the centre of Leeds since 1886.

2 Year fixed rate Buy to Let Mortgage up to and including 31 August 2016:

  • Maximum 60% LTV.
  • Interest rate fixed at 3.24% until 31/08/2016.
  • £199 Booking Fee.
  • Free standard valuation up to £335.
  • Free in-house legal services for remortgages.
  • 10% capital repayments are allowed each year.
  • Maximum loan of £500,000.

2 Year tracker Buy to Let Mortgage up to and including 31 August 2016:

  • Maximum 60% LTV.
  • Interest rate at Base Rate +2.34% until 31/08/2016.
  • £199 Booking Fee.
  • Free standard valuation up to £335.
  • Free in-house legal services for standard remortgages.
  • 10% capital repayments are allowed each year.
  • Maximum loan of £500,000.