Leeds cuts rates and adds products to BTL range

Leeds Building Society has announced a number of rate cuts, and new products within its buy-to-let range.

A notable reduction is to the 70 per cent LTV five-year fix at 2.38 per cent. This deal includes a £999 fee, a maximum loan of £500,000, and fees assisted legals for remortgages.

The new products include a 60 per cent LTV five-year fix at 2.94 per cent, and a 70 per cent LTV five-year fix at 3.11 per cent. Both products include £1,000 cashback, and no fees.

In addition, the lender has launched a 60 per cent LTV two-year fix at 1.49 per cent, and a 70 per cent LTV two-year fix at 1.69 per cent. The two offerings both have a fee of £1,999, and a £999 valuation fee.

Leeds Building Society director of products Matt Bartle says: “We have refreshed and diversified our BTL mortgage range by reducing rates on selected fixed rate products and introducing new cashback incentives.

“The rate reductions, £1,000 cashback products and the new two-year fixed rates have increased the choice available within our BTL range.

“Our range refresh is another example of how we use experience within the market to understand and respond to the needs of customers no matter what their individual circumstances.”

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