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Leeds adds to BTL range with 1.44% fix

Leeds Building Society has added new two-year fixed rate buy-to-let mortgages to its product range with rates starting from 1.44 per cent for a two-year fixed at 40 per cent loan-to-value.

The second product it has added is a 1.69 per cent two-year fixed at 70 per cent LTV.

The products come with free standard valuation, fees assisted legal services and a £2,499 fee.

Leeds director of product and distribution Jaedon Green says: “The underlying economics of buy-to-let are changing as the Government’s tax changes start to bite.

“Fixed-rate products continue to look attractive, offering certainty over funding costs, but the gradual introduction of the tax changes and tapering off of tax relief, potentially creates opportunities.

He adds: “High fee products enable landlords to front load funding costs and maximise use of existing tax relief, while minimising the interest payable in future years, when tax relief is less favourable.”

“The Society has recently strengthened its dedicated buy-to-let mortgage underwriting team to further enhance the application process, as well as simplifying its criteria for this form of lending.”


Leeds cuts cost of Welcome mortgages with 0% starting rate

Leeds Building Society has cut the rates on its range of Welcome Mortgages which have a 0 per cent starting rate for the first three months. The products first launched in 2013 with the idea that borrowers would value having a few months without mortgage payments at a time when their finances might be stretched […]

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Guide: how to… communicate with your pension members

Effective communication of your pension scheme is a large part of getting auto-enrolment right. Delivering the same message to all employees is not necessarily the way to go. To assist you with the communication of your pension scheme, we have provided some key areas to think about, such as:

  • What to consider when segmenting your workforce
  • How to communicate to pension scheme members at the right time in their member lifecycle
  • What topics you should be discussing with your pension members
  • The new pension freedoms and the importance of communicating them


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