New buy-to-let remortgage deals at Leeds BS

19th June 2017

Leeds Building Society has made changes to its buy-to-let (BTL) mortgage range, including the addition of a competitive five-year tracker with no early redemption charges (ERCs).

At a rate of 1.65%, the five-year tracker is available up to 60% loan-to-value (LTV) and comes with a free valuation, as well as fees-assisted legal services for standard remortgages.

The society also has reduced rates across its range of BTL mortgages at 60% LTV by 0.10%. Highlights include a remortgage-only, five-year fixed-rate deal at 2.39%, with free valuation, fees-assisted legal services and a £999 fee.

“We’re seeing more customers moving towards longer-term products, with five-year deals the most popular,” said Jaedon Green, Leeds Building Society’s director of product and distribution.

“Our five-year tracker comes with no ERCs, so the borrower has no penalty charges if they decide to redeem their mortgage within the term, for example if they sell their property.

“This flexibility is useful to landlords, who may be reviewing their portfolios as the new BTL tax legislation eases in.”

*2 year fixed with TSB 1.09% then 3.59% - APRC is 3.3% Max LTV is 60%. Quoted on 27th May 2020.