The building society has reduced 2-year fixed rates by 0.65%, 3-year fixed-rates by 0.35% and reduced the fee on 5-year fixed-rate deals by £550.
The 5-year 60% LTV deal at 5.69% 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 0.65%. The 3-year fixed BTLs have been reduced by 0.35% and start at 5.14% up to 60% LTV.
The BTL range allows 10% capital repayments each year without penalty and there is no higher lending charge.
Phil Coombes, head of intermediary sales at Leeds, said: “We have made our buy to let range even more competitive, with rates reduced by up to 0.65% and fees reduced by up to £550. The 5-year deal at 5.69% is market leading.
“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-year 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 0.65% on the 2-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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