Leeds Building Society has launched a new five-year fixed rate buy-to-let mortgage with a rate of 4.99%.
The product is available at up to 70% LTV. There is a £199 booking fee and £1,100 completion fee.
Kim Rebecchi, sales and marketing director at Leeds BS, said: “We have delivered certainty and peace of mind, not only in terms of a fixed monthly payment but also with a fixed fee.
“Clearly, this is of significant benefit to those landlords looking to budget and manage their portfolio.
“We believe it’s a very good time to lock into a low fixed rate, and this product will attract professional landlords who may wish to move on to a highly competitive rate and fix their monthly commitments.”
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