Leeds Building Society has launched a new 2-year 70% loan-to-value buy-to-let fixed rate, available exclusively to the LSL group, including TMA Mortgage Club.
The product, designed to provide competitive purchase and remortgage options to Landlords across the UK, is available at 2.49% fixed rate to 31 August 2018, and comes with no booking fee and a free valuation for properties worth up to £2m. The scheme also offers fees assisted legal services for standard remortgages.
David Copland, director of Mortgage Services, LSL Financial Services, commented: “Once again we see Leeds Building Society being supportive of Directly Authorised firms and in particular TMA. We are delighted to be offering this product as an exclusive with a reasonable fee, a great rate and a practical rental yield calculation.”
Jaedon Green, director of product and distribution at Leeds Building Society, added: “The Buy to Let Market is going through a lot of change at present and landlords are in a period of adjustment as the new regulations and phased tax changes take effect. We’re mindful of this as we work closely with our intermediary partners to develop products which will assist and appeal to landlords.”