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Leeds cut buy-to-let rates by up to 0.25%

Leeds Building Society has reduced rates on its fixed rate buy-to-let deals by up to 0.25%.

New products include a 2.09% two-year fixed rate for purchase only at up to 70% loan-to-value (LTV), and a two-year fix rate remortgage only, available up to 60% LTV.

The products come with a 1% discount for three years following the end of their terms and a £999 completion fee.

Remortgage customers have the option of fees-assisted legal services or £250 cashback.

Jaedon Green, Leeds Building Society’s director of product and distribution, said: “We’ve made reductions across our range of two and five year fixed rate deals for buy-to-let borrowers.

“In addition to the reduced rates, we offer different fee and incentive combinations across the range, including cashback, as part of our ongoing efforts to improve our buy-to-let proposition.

“Earlier changes we’ve made, such as simplifying criteria and removing the minimum income requirement, have been well-received by brokers. We continue to work closely with our intermediary partners to better meet their needs, and those of their clients, in this important sector.”

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