Leeds offers 5 year fixed rate buy to let deal at 4.99%

Leeds Building Society's 5 year fixed rate buy to let mortgage at 4.99%, available up to 70% LTV, allows 10% capital repayments each year without penalty and there is no higher lending charge.

The 4.99% rate is the lowest currently available in the market, when also taking into account the Society's fixed fee of £1,299. Previously, Leeds had higher versions available at 5.69% up to 60% LTV and 5.99% up to 65% LTV, but its standard, lower rate of 4.99% can now be obtained up to 70% LTV.

Kim Rebecchi, Leeds Building Society's Sales and Marketing Director said, "We have delivered certainty and peace of mind, not only in terms of a fixed monthly payment but also with a fixed fee. 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 this product will attract professional landlords who may wish to move onto a highly competitive rate and fix their monthly commitments.

"The Society also has a fees assisted version of this product available, with a free valuation up to £335 and free in-house legal services for re-mortgages. This will benefit first time landlords requiring help with up front costs."

For more information, visit leedsbuildingsociety.co.uk.