Leeds fixed rate reduced to 4.69%

The Leeds Building Society has reduced its two-year fixed rate buy-to-let mortgage to 4.89 per cent.

Kim Rebecchi, sales and marketing director comments:

"We have looked at the market and delivered a highly competitive fixed rate buy to let. When you look at what is currently available, many of the low rate products have percentage based fees, which can be up to 3.50 per cent of the loan and this can make the headline rate much less attractive.

"We have delivered certainty and peace of mind, not only in terms of a fixed monthly payment, but also with fixed fees of only £999. Clearly, this is of significant benefit to those landlords looking to budget and manage their portfolio."

The mortgage also has a fixed fee and allows 10 per cent capital repayments each year, without penalty.

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