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Leeds launches broker-only B2L two-year fix

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Leeds Building Society has launched a two-year buy-to-let fixed rate mortgage at 2.49 per cent to 70 per cent LTV.

The product is exclusively available to the LSL group, including TMA Mortgage Club for directly-authorised advisers.

The product has no booking fee, a free valuation on houses up to £2m and a £699 arrangement fee, which may be added to the borrowing within LTV.

The scheme also offers fees-assisted legal services for standard remortgages.

LSL Financial Services director of mortgage services David Copland says: “We are delighted to be offering this product as an exclusive with a reasonable fee, a great rate and a practical rental yield calculation.”

Leeds Building Society director of product and distribution Jaedon Green says: “The buy-to-let market is going through a lot of change at present and landlords are in a period of adjustment as the new regulations and phased tax changes take effect.

“We’re mindful of this as we work closely with our intermediary partners to develop products which will assist and appeal to landlords.”

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