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TODAY'S OTHER NEWS

Leeds BS cuts rates on selected products and launches a new deal

Leeds Building Society has cut rates on selected fee-free buy-to-let mortgages and launched a new 80% loan-to-value (LTV) product.

Two-year fixed rate buy-to-let products now start at 1.99% up to 60% LTV, while there is also a 2.19% deal available at up to 70% LTV. 

Both products include free standard valuation, fees assisted legal services and no product fees.

The newly launched product is a 3.4% two-year fixed buy-to-let mortgage with a £399 fee at 80% LTV, which comes with free standard valuation and fees assisted legal services

Matt Bartle, director of products at Leeds Building Society, commented: “We continue to provide a wide range of choice to landlords through our buy-to-let range and use our insight and expertise to offer a variety of fees and incentives for borrowers.

“We know landlords are taking an active role in managing their portfolio to maximise yield and making sure they have the best deal on their mortgage. 

“Our buy-to-let rate reductions and new 80% LTV mortgage have been implemented to continue offering landlords greater choice no matter what their individual circumstances.”

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