Leeds Building Society has launched a new buy to let mortgage range that aims to offer market-leading rates.
The group revealed it is providing deals at 3.55 per cent for two years and 3.79 per cent for three years, with both these arrangements available at up to 75 per cent loan to value (LTV).
In addition, both the agreements allow ten per cent capital repayments each year without penalty, while neither includes a higher lending charge.
Leeds also announced its two-year fixed-rate buy to let deal – available at up to 80 per cent LTV – has seen its rates reduced by 0.70 per cent, while the rate on the three-year buy to let offer has been cut by 0.60 per cent.
Kim Rebecchi, sales and marketing director at the building society – which has 67 branches throughout the UK – said: “We believe it’s a very good time to lock into a low fixed rate and have reduced rates on our buy to let deals by up to 0.70 per cent.”
