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Leeds adds ERC-free buy to lets to range

  • 09/05/2016
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Leeds adds ERC-free buy to lets to range
Leeds Building Society has added two fixed-rate buy-to-let mortgages without early redemption charges (ERC) to its range.

A two-year fixed rate buy-to-let mortgage is available at 2.5% up to 60% loan-to-value (LTV) and a two-year fix at 3.15% is available up to 70% LTV.

Both come with a free valuation, fees-assisted legal services for standard remortgages and a fee of £1,999.

Jaedon Green, director of product and distribution at Leeds, said: “These latest additions to our competitive buy-to-let mortgage range offer borrowers extra flexibility through the absence of penalties for early redemption.”

“There have been a lot of changes affecting the buy-to-let market in recent months and the phased introduction of new regulation and tax treatment requires a period of adjustment for landlords.”

Green said the absence of ERCs means landlords can evolve their approach to the emerging legislation while retaining a degree of flexibility.

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