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Leeds brings in ‘market-leading’ five-year BTL tracker


Leeds Building Society has launched a “market-leading” five-year tracker with no early redemption charges.

The 1.65 per cent loan is available up to 60 per cent LTV and comes with a free valuation and fees-assisted legal services for standard remortgages.

The lender also has cut rates across its range of buy-to-let mortgages at 60 per cent LTV by 0.10 per cent.

The range includes a remortgage-only five year fixed rate deal at 2.39 per cen, with free valuation, fees-assisted legal services and a £999 fee.

Leeds Building Society director of product and distribution Jaedon Green says: “We’re seeing more customers moving towards longer-term products, with five year deals the most popular.

“The strong set of products in our buy-to-let range is part of continuous efforts to improve our proposition in this sector, such as simplifying our criteria and strengthening our dedicated underwriting team.”



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  Buy-to-let landlords have been on the receiving end of several shake-ups in recent times, so can the market recover or is this the new normal? It was once the sweetheart of the mortgage industry. Yet, after a slew of tax and regulatory changes in the past year – and with more on the horizon […]


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It is hard to prepare for the upcoming PRA changes when we still do not know how lenders will implement them On 30 September, the PRA expects lenders to adopt a ‘specialist’ underwriting process when assessing a portfolio landlord’s borrowing suitability. It requires them to be more diligent because of the complexity of the borrower’s […]


Coventry brings in 125% buy-to-let ICR

Coventry for Intermediaries has brought in a tiered buy-to-let interest coverage ratio system. The ICR is 125 per cent if each applicant is a non-tax payer or basic rate taxpayer whose total gross annual income is less than £40,000. ICRs will be 140 per cent for higher rate taxpayers or those earning more than £40,000 […]


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