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Leeds BS and Kensington cut rates

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  • 16/12/2019
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Leeds BS and Kensington cut rates
Leeds Building Society has cuts rates on some of its fee-free two-year buy-to-let fixed rate mortgages and added an 80 per cent loan-to-value (LTV) deal to its range.

 

Highlights of the rate cuts include a 1.99 per cent 60 per cent LTV deal, reduced by 0.13 per cent and a 0.10 per cent cut to its 2.19 per cent two year deal available to landlords with a 30 per cent deposit.

The mutual’s new 80 per cent LTV deal comes with a rate of 3.40 per cent and is fixed for two years. It has a £399 fee and comes with a free standard valuation and fees assisted legal services.

 

Kensington

Meanwhile Kensington has reduced rates on its residential mortgages. The lender has cut the cost of its select, professional, later life, core and Right to Buy mortgages by up to 0.15 per cent.

Interest rates on the select range now start at 2.34 per cent for a two-year fix at 75 per cent LTV. For young professionals, rates now start at 2.54 per cent for a two-year fix and 3.24 per cent for a five-year fix, all at 75 per cent LTV.

Reduced rates are also available for Kensington’s select premier mortgage range for loans up to £2m. Rates start at 2.44 per cent for one-year fixed or 3.19 per cent for five-year-fixed at 75 per cent LTV.

On Kensington’s Help to Buy range, rates now start at 3.49 per cent for a two-year fixed rate and 4.14 per cent for a five-year deal. Both mortgages are available up to 75 per cent LTV.

 

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