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Leek United cuts buy-to-let rates

Leek United has reduced rates on its buy-to-let products by up to 40bps.

The lender’s five-year fixed rate buy-to-let product is now available at 2.6% up to 65% loan-to-value (LTV) following the reduction.

For buy-to-let borrowers, Leek offers options for first-time and non-homeowner landlords, as well as mortgages for holiday homes and second homes.

John Kelly, operations director, said: “The new, lower rates are good news for customers as they help make buying a home more affordable.

“Fixed rates remain a popular choice for customers and landlords alike, and help them with knowing what they will pay each month for the period of the fix, giving peace of mind and making it easier to plan their outgoings.”

He added: “These new products are likely to be very attractive to introducers as we continue to respond to the market and provide mortgages that are suitable for a wide range of customers.”

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