16 Nov

Leeds Building Society launches new buy to let product

Leeds Building Society launches new buy to let product

People looking to purchase a buy to let property will be interested to hear that Leeds Building Society has launched a new product.

The financier has announced that a new two-year buy to let deal will be available for potential landlords at a rate of 4.29 per cent.

Moneyfacts has already awarded the product, which is available on mortgages of 65 per cent loan-to-value (LTV), four stars for being "the lowest discounted rate for this term".

It added that the mortgage is "competitively priced" for potential buy to let owners.

For people who only have 30 per cent of the deposit, the product is available at a rate of 4.89 per cent.

Leeds Building Society's sales and marketing director Kim Rebecchi said: "These new buy to let options have been specifically designed to offer landlords greater flexibility."

Last month, the financier unveiled a five-year fixed-rate mortgage on loans of 75 LTV at a rate of 3.94 per cent to help "borrowers looking to lock in value". ADNFCR-1222-ID-800238975-ADNFCR

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