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Leeds unveils three-year B2L deal at 4.99%

Leeds has launched a three-year buy-to-let discount mortgage. The product, currently 4.99%, is available up to 80% LTV and has no higher lending charge.

Jeff Kirk, corporate relationship manager at Leeds, says: “We have looked at our product range carefully and delivered a market leading buy-to-let discount. There is no higher lending charge and 10% capital repayments are allowed each year without penalty. The rate is competitive and we have also designed a fee-free version. The fee-free option offers a free valuation up to 335 and free inhouse legal service for remortgages, as well as no higher lending charge.

“We believe these products will be popular with clients. They are ideal for first-time landlords as well as professionals who may be wanting to move their portfolio onto a discount rate product.”

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