The 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 the 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 extremely competitive and we have also designed a fee free version. The fee free option offers a free valuation up to 335 and free in house legal service for remortgages, as well as no higher lending charge.
“We believe that these products will be extremely popular with clients and that they are ideal for first-time landlords as well as professional landlords, who may wish to move their portfolio onto a highly competitive discount rate product.”