The 5 year 60% LTV deal at 5.69% now has a flat fee of £999; the 2 year fixed rate also has a flat fee of £999 and is available from 4.64% up to 60% LTV, following the rate reduction of 0.25%. The 3 year fixed buy-to-lets have been reduced by 0.35% and now start at 5.14% up to 60% LTV.
Furthermore, the society's new buy-to-let range allows 10% capital repayments each year without penalty, and there is no higher lending charge.
Kim Rebecchi, Leeds Building Society's sales and marketing director said, "We have made our buy-to-let range even more competitive, with rates reduced by up to 0.35% and fees reduced by up to £550. The new products have been awarded 4 stars by Moneyfacts and the 5 year 60% LTV deal at 5.59% remains a best buy.
"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 on the 2 and 5 year products. 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 have reduced rates by 0.35% on the 3 year deal.
"These products will attract professional landlords, who may wish to move onto a highly competitive rate and fix their monthly commitments, as well as benefiting first time landlords."
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