Leeds offers fees assisted 2 year fixed rate buy to let deals

Leeds Building Society has unveiled a fees assisted 2-year fixed rate buy to let mortgage available from 5.14%.

The product offers a free standard valuation up to £335 and free in-house legal services for standard re-mortgages. There is no completion fee and a booking fee of only £199. In addition, 10% capital repayments are allowed each year without penalty and there is no higher lending charge.

Kim Rebecchi, Sales and Marketing Director said, "We have looked at the market and delivered a highly competitive fees assisted fixed rate buy to let. When you look at what is currently available, many of the low rate products have percentage based fees, which can be up to 3.50% of the loan and this can make the headline rate much less attractive.

"We have delivered certainty and peace of mind, not only in terms of a fixed monthly payment but also by providing assistance to those landlords who require help with up front costs. This is by charging a flat fee of just £199 and providing a free valuation, up to £335, and legal services for remortgages. Clearly, this is of significant benefit to those landlords looking to budget and manage their portfolio.

"This product will benefit first time landlords in particular, as well as professional landlords who may wish to fix their monthly commitments."

For more information, customers can call into their local branch or apply online at leedsbuildingsociety.co.uk.