The product has no completion fee and a booking fee of £199 with 10% capital repayments allowed each year without penalty.
Phil Coombes, head of intermediary sales at Leeds, said: “We have looked at the market and delivered a fees-assisted 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% 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 by providing assistance to those landlords who require help with upfront costs. This is by charging a flat fee of just £199 and providing a free valuation, up to £335, and legal services for remortgages. Clearly, this is of significant benefit to those landlords looking to budget and manage their portfolio.
“This product will benefit first time landlords in particular, as well as professional landlords who may wish to fix their monthly commitments."
