Back to May 2016

New fees assisted competitive remortgage deals for Buy to Let homeowners

Leeds Building Society has launched two new competitive fixed rate deals for Buy to Let landlords looking to remortgage:

  • A 3.04% two year fixed rate fees assisted Buy to Let mortgage
  • A 3.49% five year fixed rate fees assisted Buy to Let mortgage

Both are available up to 70% LTV (loan to value) and come with no completion fee. The deals also include a free valuation and fees assisted legal services to minimise the cost of switching.

“Many landlords will be considering their portfolios in the wake of the tax and regulation changes affecting the Buy to Let sector,” said Jaedon Green, Leeds Building Society’s Director of Product and Distribution.

“We expect to see more movement in this market, especially as tax relief on Buy to Let repayments is reduced.

“The incentives on these latest competitive remortgage deals keep the cost of switching to a minimum and the two fixed terms offer landlords a choice about when they next review their finances.”

Ends

Notes to Editors

2 Year Fixed Rate Fees Assisted Buy to Let mortgage at 3.04% up to and including 31st August 2018:

  • 2 Year Fixed Rate Fees Assisted Buy to Let mortgage at 04% up to and including 31st August 2018 available up to 70% LTV
  • For remortgage only
  • No completion fee
  • Free valuation on properties up to a value of £500,000
  • Fees assisted legal services

 

5 Year Fixed Rate Fees Assisted Buy to Let mortgage at 3.49% up to and including 31st August 2021:

  • 5 Year Fixed Rate Fees Assisted Buy to Let mortgage at 49% up to and including 31st August 2021 available up to 70% LTV
  • For remortgage only
  • No completion fee
  • Free valuation on properties up to a value of £500,000
  • Fees assisted legal services

 

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 Development contact. 

Leeds Building Society received the ‘Innovation Award (Lenders)’ at the Mortgage Finance Gazette Awards 2016, the third consecutive year the Society has won this category, as well as the award for ‘Product Innovation (Lenders)’.

The Society also has been named ‘Best Regular Savings Account Provider’ for the second consecutive year by independent consumer advice website Savings Champion.

Leeds Building Society has 67 branches throughout the UK, Gibraltar and Ireland and assets of £13.5bn (at 31st December 2015). The Society has operated from the centre of Leeds since 1886.