Leeds said the product offer is part of its ongoing support to landlords who are currently adapting to a raft of tax changes in the buy-to-let sector.
The mortgage is available for purchase and remortgage at a rate of 2.49% and offers free valuations for properties worth up to £2m. There is no booking fee on the deal, but includes a £699 arrangement fee which can be added to the borrowing cost as long as it sits within the stated LTV limit.
The scheme also offers fees-assisted legal services for standard remortgages.
David Copland, director of mortgage services at LSL Financial Services (pictured), said: “Once again we see Leeds Building Society being supportive of directly authorised firms and in particular TMA. We are delighted to be offering this product as an exclusive with a reasonable fee, a great rate and a practical rental yield calculation.”
Jaedon Green, director of product and distribution at Leeds Building Society, added: “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.”
