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Leeds BS cuts rates on buy-to-let

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  • 28/06/2012
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Leeds BS cuts rates on buy-to-let
Leeds Building Society has launched a pair of fixed rate buy-to-let deals.

The lender has reduced fees on its two-year fixed rate product by £300 and will offer mortgages up to 80% LTV at a rate of 5.99%

A booking fee of £199 and completion fee of £800 apply but there is no higher lending charge and 10% capital repayments are allowed each year without penalty.

The society has also launched a new three-year fixed rate deal at 5.99% for loans up to 80% LTV.

Phil Coombes, head of intermediary sales at Leeds Building Society, commented: “We believe it’s a very good time to lock into a low fixed rate and have reduced fees by £300 on the 2 year deal at 5.99% available up to 80% LTV.

“The Society has also launched a three-year fixed rate buy to let offer at 5.99%, again available up to 80% LTV.

“These flat fee products will attract professional landlords, who may wish to move onto a highly competitive rate and fix their monthly commitments.”

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