12 Jan

Leeds launches new reduced buy to let mortgage

Leeds launches new reduced buy to let mortgage

Leeds Building Society has announced it has launched a reduced rate on its buy to let mortgage.

The financial services provider released its new two-year discount buy to let deal yesterday (January 11th 2011), which sees the home loan reduced by 0.3 per cent.

Property owners will now be able to take out the product at a rate of 4.59 per cent on mortgages with loan-to-value (LTV) of 70 per cent.

The new offer also enables people have the flexibility of ten per cent capital repayments every year.

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

In November 2010, the financier launched its two-year discount buy to let deal on mortgages of 65 per cent LTV, which received four stars from Moneyfacts for being "the lowest discounted rate for this term". ADNFCR-1222-ID-800338699-ADNFCR

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