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Leeds launches five-year 4.99% B2L deal

Leeds Building Society has launched a five-year fixed rate buy-to-let deal at 70% LTV, which also allows for 10% capital repayments each year without penalty and has no higher lending charge.

There is also a fees assisted version of the product at 5.49% up to 70% LTV, combined with a free standard valuation worth up to £335 and free in-house legal services for standard re-mortgages.

Phil Coombes, head of intermediary sales at Leeds Building Society, says: “Our new five-year buy-to-let product will attract professional landlords, who may wish to move onto a highly competitive rate and fix their monthly commitments.

“The Society is also benefiting first-time landlords, who may require help with up front costs, by offering a market leading fees assisted deal for a five-year period.”

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