Leeds unveils 3.55 per cent buy-to-let mortgage

Leeds Building Society’s has released a two year buy-to-let mortgage at 3.55 per cent available up to 75 per cent LTV.

The offer has no higher lending charge and allows 10 per cent capital repayments each year, without penalty.

Rates have been reduced by 0.70 per cent on the two year fixed rate buy to let deal available up to 80 per cent LTV, and the mutual has reduced the rate on the three year buy to let offer (available up to 80 per cent LTV) by 0.60 per cent.

The Society has also launched a new market leading two year buy to let fees assisted deal at 4.39 per cent up to 75 per cent LTV, and a market leading three year version at 4.49 per cent (also available up to 75 per cent LTV).

Phil Coombes, Leeds Building Society’s Head of Intermediary Sales said, “We believe it’s a very good time to lock into a low fixed rate and have reduced rates on our buy to let deals by up to 0.70 per cent.

“The Society has also launched a market leading two year fixed rate buy to let offer, available up to 75 per cent LTV, at 3.55 per cent. We have also unveiled a market leading two year fees assisted buy to let deal at 4.39 per cent available up to 75 per cent LTV, and for three years at 4.49 per cent up to 75 per cent LTV.”

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