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Rate cuts and new benefits on Buy to Let mortgages from Leeds Building Society

Leeds Building Society has relaunched its range of short term fixed rate Buy to Let mortgages, with rates starting from a competitive 2.65%.

The Society has introduced a new two year fixed rate Buy to Let mortgage at 2.65%, available up to 60% LTV, and has cut rates or fees on other two and three year fixed rate products, which come with additional benefits including a free valuation and legal services.

Highlights include:

  • 2.65% two year fixed rate Buy to Let mortgage up to 60%, with a £1,999 fee
  • 2.99% two year fixed rate Buy to Let mortgage up to 60%, with a £ 999 fee and a free standard valuation up to £335 and free in-house legal services for remortgages
  • 3.19% two year fixed rate Buy to Let mortgage up to 70%, with a £ 999 fee and a free standard valuation up to £335 and free in-house legal services for remortgages

"We've refreshed our range of short term fixed rate deals for Buy to Let mortgages," said Martin Richardson, Leeds Building Society's General Manager – Business Development.

"As well as reducing rates, we've also brought down fees on some products and added benefits, such as a free valuation and legal services, to offer a choice of packages to borrowers, whatever the size of loan they're seeking, whether for purchase or remortgage."

Ends

Notes to Editors

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.

Leeds Building Society has won three awards for innovation so far this year, having been named 'Innovator of the Year' at the Moneywise Magazine Mortgage Awards 2014 for its Welcome Mortgage. This allows borrowers to pay 0% interest for the first few months of their term so they can free up cash to help them settle into their new home.

The Society also scooped the 'Mortgage Innovation Award' and was named 'Most Innovative Personal Finance Provider' at the Moneynet Personal Finance Awards 2014.

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.