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Leeds BS cuts BTL rates

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  • 26/10/2023
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Leeds BS cuts BTL rates
Leeds Building Society has reduced rates across its buy-to-let mortgage range by up to 0.15 per cent.

Examples include its two-year fixed rate with a £1,999 fee at 60 per cent loan to value (LTV) is now priced at 5.52 per cent and its fee-free equivalent is now set at 6.14 per cent.

Leeds Building Society’s five-year fixed rate at 60 per cent LTV with £1,000 fee is 5.09 per cent and its no-fee version has fallen to 5.39 per cent.

Sean Hanson, senior mortgage manager at Leeds Building Society, said: “As an important tenure within a healthy housing market, we continue to respond to the changing needs of landlords in the private rented sector.

“The further rate reductions we have made will serve the market as a whole, helping to reduce costs for landlords, which we hope will improve the outlook for private renters too.

“The changes we’ve made as part of our ongoing review of rates aims to support our intermediary partners who are advising clients in this sector.”

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