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

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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.”