Leeds cuts BTL rates by up to 0.45%

Leeds Building Society has cut rates on a number of buy-to-let mortgage products by up to 45 basis points.

Notable reductions include the 60 per cent LTV five-year fix cut from 2.94 per cent to 2.49 per cent and the 60 per cent LTV five-year fix from 2.61 per cent to 2.25 per cent.

The former product includes £1,000 cashback and both products have no fees, offer free standard valuations and fees assisted legal services.

In addition, the lender has reduced rates on the 70 per cent LTV five-year fix from 2.80 per cent to 2.54 per cent.

Leeds Building Society director of products Matt Bartle says: “We continually keep our mortgage products under review and these rate reductions follow the recent diversification of our BTL range.

“In addition to the reduced rates, we offer different fee and incentive combinations across the range, including cashback, as part of our efforts to improve our proposition for landlords, no matter what their individual circumstances.

“We continue to work closely with our intermediary partners to better meet their needs, and those of their clients, in this important sector.”

This comes after Leeds Building Society announced a number of rate reductions to products within its HMO range by up to 0.45 per cent last week.

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