Leeds offers new 2 year discount buy to let deals

Leeds Building Society has launched a best buy 2 year discount buy to let deal from 4.29%. This rate is available up to 65% LTV and has been awarded 4 stars by the information provider Moneyfacts.

When awarding this product 4 stars Moneyfacts said, ‘Leeds Building Society has greatly reduced its 65% loan-to-value 2 year discounted rate from 4.99% to 4.29%, making this the lowest discounted rate for this term. With its low flat fee of £999, this deal is competitively priced for the applicant with the necessary 35% deposit and, as such, becomes a Moneyfacts Best Buy.'

This 2 Year Discount deal is also available, at 4.89%, up to 70% LTV. Both versions of this product have no higher lending charge and 10% capital repayments are allowed each year without penalty.

Kim Rebecchi, Leeds Building Society's Sales and Marketing Director said, "These new buy to let options have been specifically designed to offer landlords greater flexibility.

"The 4.29% rate is best buy, and we are also pleased to offer a rate at 4.89% up to 70% LTV. These variable rate products have no higher lending charge and 10% capital repayments are allowed each year without penalty."

For more information, visit leedsbuildingsociety.co.uk.