Leeds Building Society has launched a five-year fixed rate buy-to-let mortgage at a market-leading rate of 3.1%, subject to a £199 fee and a free valuation.
Leeds has also refreshed its wider buy-to-let range, including the addition of a new purchase-only two-year fixed rate at 1.99% up to 60% LTV.
The fixed rate period is followed by a 1% discount for the following three years and the mortgage comes with a free valuation.
Jaedon Green, Leeds Building Society’s director of product and distribution, commented: “Buy-to-let remortgage activity is highest at this LTV level and landlords appear to have been acting to minimise their costs and manage profitability as the Government’s tax changes began to affect this market.
“Five-year fixed rate products remain the choice for borrowers looking for longer-term security over their monthly repayments, making it easier to budget, which can be particularly useful when managing a privately rented property.”
|Mortgages - Find cheapest. Rates from 0.98%. 1st time buyers, remortgages, self-employed, adverse & CCJ, Landlord buy to let. Compare now|
|Sell or Let Property FREE on Houseladder 0% no fees. Free property advertising. List 1 to 1000 properties to millions of buyers and tenants. Upgrade to a Premium advert for only £30 and sell or let your property FASTER! Create Ad|
|Make Money - Earn £250 to £2000+ per month part time. Get paid every month for work you do once. Work from home. Flexible hours. Free training. No experience needed. Major UK PLC company. Find out how >>|
|How To Save Property Tax - Updated Sept 2017 “How To Save Property Tax” is widely regarded as THE tax bible for property investors. The 21st edition has just been published (Sept 2017) and is completely up to date. Read now|