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LSL Group adds 5 year fixes with Leeds BS

LSL Group has introduced two five-year fixed rate buy-to-let deals with Leeds Building Society in advance of product maturities following the pre-stamp duty rush in 2016.

The products, with rates of 2.94 per cent and 3.20 per cent, will be available exclusively to TMA members and appointed representatives of the First Complete and Pink networks.

Available for purchase and remortgage applicants, customers will receive £1,000 cashback on completion and free standard valuation and fees assisted legal service.

The 2.94 per cent product comes with a £999 arrangement fee, and the 3.20 per cent has no arrangement fee.

Both products are available up to 70 per cent loan to value throughout England, Scotland and Wales.

TMA senior product and business manager Rob McCoy says: “In the early part of 2018, we expect to see an increased amount of customer activity in the buy-to-let market. This is due to the volume of product maturities following the 2016 rush to avoid increased Stamp Duty, as well as landlords receiving HMRC letters following the first trading year under the new tax rules.

“We are therefore delighted to be launching these exclusive products with Leeds Building Society, and have committed to offer a longer than normal rate period (up to the 31 May) allowing customers with products that mature throughout the early part of 2018 to still benefit.”

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