View more on these topics

Leeds launches BTL variable mortgages from 1.14%

Leeds Building Society has launched two discounted buy-to-let mortgages it claims are market-leading.

The new discount variable mortgages have initial pay rates at 1.14 per cent up to 60 per cent loan-to-value and 1.34 per cent up to 70 per cent loan-to-value. The society expects them to appeal to existing landlords who want to remortgage to a better deal while rates remain low.

Leeds Building Society director of product and distribution Jaedon Green says: “These shorter-term discount mortgages offer market-leading rates and a package of incentives.

“Widening our range of discounted residential mortgages was well-received so we’ve seen that there’s an appetite for variable rate deals – with the potential for lower monthly repayments than equivalent fixed rate mortgages – among borrowers who don’t expect interest rates to increase significantly in the near future.

“We may be in a rising rate environment, but the Bank of England has suggested any base rate increases will be small and gradual, in recognition of the fact that rates have been at historically low levels for the last decade.

“The past couple of years have seen a lot of change for landlords, with the introduction of new rules for portfolio landlords and wide-ranging tax changes, the impact of which is still being felt. For that reason we know landlords need to take a far more active role in managing their portfolio to maximise yield and making sure they have the best deal on their mortgage finances.”


Leeds BS launches sub 1% mortgage

Leeds building society has launched a range of discount mortgages with initial pay rates starting at 0.99 per cent. A two-year deal with a 4.7 per cent discount off Leeds’ standard variable rate (currently 5.69 per cent), giving an initial pay rate of 0.99 per cent, is available up to 65 per cent loan-to-value with […]


TSB launches rate switch for residential

Brokers can now earn proc fees on residential mortgage product transfers with TSB after the lender extended its rate switch offering. The lenders introduced a proc fee for buy-to-let product transfers earlier this month. Procuration fees for rate switch are 0.3 per cent for networks and 0.27 per cent for directly authorised advisers. Product transfers […]


Secured loans watch: New options in second charge space

The second charge mortgage market is evolving quickly, particularly when it comes to lending on buy-to-let properties and equitable charges. An increasing number of landlords are choosing to raise capital with a second charge on a buy-to-let property and there is a growing range of options for clients, even where the first charge lender declines […]

Why prevention is better than cure

Quoting the famous adage, prevention is better than cure; there are many proactive benefits that can improve wellness in the workplace, decrease stress, increase staff morale and reduce absenteeism, as well as attracting and retaining employees of a higher standard. With a recent study showing that employees in Britain are working below peak productivity, preventative benefits can ensure you address potential health issues or causes of stress at their source and ensure productivity in the workplace remains at an optimum level. With this in mind, how are you using preventative benefits to help keep your workforce happy and healthy?


News and expert analysis straight to your inbox

Sign up