View more on these topics

Leeds launches 3.10% five-year BTL fixed rate


Leeds Building Society has launched a five year fixed rate buy-to-let mortgage at 3.10 per cent.

The lender says the rate is market-leading and applies to house purchases or remortgages up to 70 per cent LTV.

The loan has a £199 fee and a free valuation. Fees-assisted legal services are available for standard remortgages.

Leeds Building Society director of product and distribution Jaedon Green says: “Buy-to-let remortgage activity is highest at this LTV level and landlords appear to have been acting to minimise their costs and manage profitability as the Government’s tax changes began to affect this market.

“Five-year fixed rate products remain the choice for borrowers looking for longer-term security over their monthly repayments, making it easier to budget, which can be particularly useful when managing a privately rented property.”

The lender has also added a new purchase-only two year fixed rate mortgage at 1.99 per cent up to 60 per cent LTV.

The fixed rate period is followed by a 1 per cent discount for the following three years and the loan has a free valuation.



Leeds launches two fixed loans with £750 cashback

Leeds Building Society is launching two new two-year fixed rate residential mortgages with £750 cashback. The first is at 2.05 per cent up to 65 per cent LTV and the second is at 2.15 per cent to 75 per cent LTV. Each has a free valuation and a £199 fee, as well as fees-assisted legal […]

Leeds appoints Hoole as Bristol & South West BDM

Leeds Building Society has appointed John Hoole as business development manager for Bristol and the South West. Hoole (pictured) joins Leeds from TSB, where he was telephone business development manager. Leeds Building Society head of intermediary distribution Martese Carton says: “John’s appointment demonstrates our commitment to strengthening our service proposition to support more borrowers and help […]

Leeds Building Society appoints Randhawa as London BDM

Leeds Building Society has appointed Nirver Randhawa as business development manager for central London. Randhawa joins from Saffron Building Society, where he was also a business development manager. Randhawa says: said: “My key priority will be to ensure we build strong relationships with our brokers in central London, while working hard to raise awareness of […]


News and expert analysis straight to your inbox

Sign up