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Leeds BS cuts buy-to-let rates

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  • 22/06/2018
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Leeds BS cuts buy-to-let rates
Leeds Building Society has reduced rates on its no fee buy-to-let mortgage range by up to 0.11%.

 

The lender said it was partly making the move as landlords prepared for an interest rate hike in August.

Director of product and distribution Jaedon Green said: “We know the economics of buy to let are becoming more challenging and fixed rate products continue to be attractive for landlords, particularly at a time when momentum is growing around an increase in Bank Base Rate following June’s Monetary Policy Committee meeting.

“We are also continuing to work closely with our intermediary partners to better meet their needs, and those of their clients, in this important sector.”

Deals include: 2.07% two-year fixed rate at up to 60% loan-to-value (LTV);

2.38% two-year fixed rate at up to 70% LTV;

2.39% five-year fixed rate at up to 60% LTV.

The products come with free standard valuation and fees assisted legal services.

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