Leeds raises B2L LTV to 80%
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Leeds Building Society has increased its maximum LTV for buy-to-let from 70% to 80%.
The lender’s two-year fix is now available at 80% LTV at a rate of 5.69%, which comes with a £199 booking fee and an £800 completion fee.
Meanwhile its fees-assisted two-year fix is available at 80% LTV at a rate of 5.99%, which comes with a £199 booking fee and no completion fee.
The rest of its buy-to-let range continues to have a maximum LTV of 70%.
A spokesman for the Leeds says it has made the change to assist buy-to-let borrowers who may not have a 30% deposit, and anticipates the deals appealing to both first-time landlords, who may need help with up front costs, and professional investors.
The move comes after Aldermore increased its maximum LTV for buy-to-let mortgages from 75% to 80% yesterday.
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Readers' comments (1)
Anonymous | 10 Jan 2012 6:09 pm
Well done Leeds, it's good to see a lender doing something positive for the Market. I especially like the fair fee. Take Note BM & TMW
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