New online 3 year fixed rate buy-to-let mortgage

Leeds Building Society has launched a new 3 year fixed rate online buy-to-let at only 5.29%.

The product is available up to 80% loan to value, allows 10% capital repayments each year, without penalty, and is full portable. There is also a fee free version for landlords who require help with fees.

Kim Rebecchi, General Manager Sales said, "This fixed rate buy-to-let offers landlords excellent value, provides peace of mind and the ability to budget effectively over a 3 year period.

"Landlords also benefit from our simple buy-to-let underwriting criteria. All we require is proof of identity, a clean credit check and confirmation from a suitable letting agent that the rental income will cover 130% of the interest only mortgage payment.

"The online facility now enables landlords to apply for a mortgage, receive an instant decision and verified KFI. The application is processed immediately and the new functionality also allows case tracking, so customers can obtain an instant update on their mortgage at any time from the comfort of their own home."