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Leeds Building Society to launch new market-leading Buy to Let mortgage

Leeds Building Society is making further changes to its range of two year fixed rate Buy to Let mortgages, including launching a new product with a market-leading rate of 2.99%.

The Society is reducing rates on other two year fixed rate Buy to Let mortgages and the changes come into effect on Wednesday, 6th August.

Highlights include:

  • 2.99% two year fixed rate Buy to Let mortgage up to 65%, with a £799 fee
  • 2.79% two year fixed rate Buy to Let mortgage up to 60%, with a £999 fee
  • 3.09% two year fixed rate Buy to Let mortgage up to 60%, with a £199 fee

Each of the above products comes with additional benefits including a free standard valuation up to £335 and free in-house legal services for remortgages.

"We've been able to make further improvements to our short term fixed rate Buy to Let mortgage range," said Martin Richardson, Leeds Building Society's General Manager – Business Development.

"The majority of Buy to Let borrowers favour two year fixed rates and these changes to our range make these products among the most competitive on the market."

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.