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Leeds BS reduces five-year BTL rates

The Leeds Building Society has introduced rate cuts on a number of five-year buy-to-let mortgages by up to 0.45%.

New deals include a 2.49% five-year buy-to-let mortgage up to 60% LTV (loan-to-value) with £1,000 cashback and a 2.25% five-year deal up to 60% LTV.

Both products come with no fees, free standard valuation and fees assisted legal services.

Leeds Building Society’s director of products, Matt Bartle, said: “We continually keep our mortgage products under review and these rate reductions follow the recent diversification of our buy-to-let range.

“In addition to the reduced rates, we offer different fee and incentive combinations across the range, including cashback, as part of our efforts to improve our proposition for landlords, no matter what their individual circumstances.

“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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