Leeds reduces rates and fees on fixed fee buy to let deals

Leeds Building Society's new fixed rate buy to let range, available over 2, 3 and 5 years periods, has been awarded 4 stars by the information provider Moneyfacts.

The Society has reduced 2 year fixed rates by 0.25%, 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% now has a flat fee of £999 and is a Best Buy product. 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 let's 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."