Leeds Building Society has launched a new buy-to-let mortgage that offers a 3.99% fixed rate for two years and comes with fees of £999.
It is available for loans of up to 70% loan to value, up to a limit of £500,000, and can be accessed through brokers who are members of Legal & General Mortgage Club.
Phil Coombes, Leeds Building Society’s head of intermediary sales, said: “We believe it’s a very good time to lock into a low fixed rate buy-to-let deal.
“This product will attract landlords who may wish to move on to a highly competitive rate with a low flat fee and fix their monthly commitments.”
Martyn Smith, head of mortgage products at Legal & General Network, said: “At sub 4% this is a highly competitive rate, especially when you consider the low flat fee in today’s buy-to-let market.
“Two-year fixed rates continue to be the product of choice for many buy-to -let borrowers, so we expect this to be very popular.”
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