Back to December 2019

Leeds refreshes Buy to Let fixed rates

Leeds Building Society has reduced rates on selected fee free two year Buy to Let fixed rate mortgages and added a new 80% LTV (loan to value) product as it continues to support landlords.

Highlights of the range refresh, both of which include free standard valuation and fees assisted legal services and no product fee, are:

  • 1.99% two year Buy to Let mortgage up to 60% LTV (reduced by 0.13%)
  • 2.19% two year Buy to Let mortgage up to 70% LTV (reduced by 0.10%)

Matt Bartle, Leeds Building Society’s Director of Products, said: “We continue to provide a wide range of choice to landlords through our Buy to Let range and use our insight and expertise to offer a variety of fees and incentives for borrowers.

“We know landlords are taking an active role in managing their portfolio to maximise yield and making sure they have the best deal on their mortgage. Our Buy to Let rate reductions and new 80% LTV mortgage have been implemented to continue offering landlords greater choice no matter what their individual circumstances.”

The Society has also launched a new 3.40% two year fixed Buy to Let mortgage with a £399 fee at 80% LTV, which comes with free standard valuation and fees assisted legal services.

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.

The Society operates throughout the UK and had assets of £20.7bn at 30 June 2019 (£19.4bn at 30 June 2018). The UK’s fifth-largest mutual is a Best Companies 2* employer and its head office is in the centre of Leeds, where it has been based since 1886.

Key features

1.99% Buy to Let two year fixed rates up to and including 31 March 2022

  • Available up to 60% LTV
  • No product fee
  • Free standard valuation up to £999
  • 10% penalty free capital over-repayments permitted each year
  • Initial fixed period followed by a 1% BVR discount (currently 4.99%) until 31 March 2025
  • Tapered early repayment charges, 2 Year - 3/2% until 31 March 2022
  • Available for both purchase and remortgage applications

2.19% Buy to Let two year fixed rates up to and including 31 March 2022

  • Available up to 70% LTV
  • No product fee
  • Free standard valuation up to £999
  • 10% penalty free capital over-repayments permitted each year
  • Initial fixed period followed by a 1% BVR discount (currently 4.99%) until 31 March 2025
  • Tapered early repayment charges, 2 Year - 3/2% until 31 March 2022
  • Available for both purchase and remortgage applications

3.40% Buy to Let two Year Fixed Rates up to and including 31 March 2022

  • Available up to 80% LTV
  • £399 product fee
  • Free standard valuation up to £999
  • 10% penalty free capital over-repayments permitted each year
  • Initial fixed period followed by a 1% BVR discount (currently 4.99%) until 31 March 2025
  • Tapered early repayment charges, 2 Year – 3/2% until 31 March 2022
  • This product is available for purchase and remortgage applications