Leeds BS cuts B2L rates and fees

Leeds Building Society has reduced rates and fees across fixed rate products within its buy-to-let mortgage range.

The mutual has cut two-year fixed rates by 0.25%, three-year fixed rates by 0.35% and reduced the fee on its five-year fixed rates by £550.

Its five-year fix at 5.69% up to 60% LTV now has a flat fee of £999, while its two-year fix available up to 60% LTV comes with a rate of 4.64% and its three-year fixes start at 5.14% up to 60% LTV.

Kim Rebecchi, sales and marketing director at Leeds Building Society, says the changes make the society’s buy-to-let range even more competitive.

She adds: “These products will attract professional landlords, who may wish to move onto a highly competitive rate and fix their monthly commitments, as well as benefiting first-time landlords.”