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TODAY'S OTHER NEWS

Leeds BS reduces rates on selected two-year BTL fixes

Leeds Building Society has reduced rates on selected two-year buy-to-let fixed products by up to 0.06%.

From today, the society will offer a 1.44% two-year fix up to 60% loan-to-value (LTV), down 0.05% from 1.49%. 

Leeds BS has also reduced its two-year BTL product at up to 70% LTV by 0.06%. The deal is now offered at a borrowing rate of 1.59%. 

The society’s 80% LTV product is offered at a rate of 2.94% and comes with a free standard valuation, fees assisted legal services for remortgages and a £2,499 product fee.

Both of the reduced products have a £1,999 product fee and come with a free standard valuation and fees assisted legal services.

Matt Bartle, Leeds Building Society’s director of products, commented: “Our experience and expertise in the Buy to Let market means we’re well-positioned to meet the evolving requirements of landlords. 

“We know that many landlords are actively managing their portfolios, with their choice of mortgage deals playing an important role in maximising yield.

“These rate reductions follow the launch of our two year 80% LTV product, which continues to offer the lowest rate on the market.”

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