Leeds BS launches 10-year fixed rate mortgage range
Leeds Building Society has this morning launched a new range of 10-year fixed rate buy-to-let products. There is a product available at 2.49% up to 60% loan-to-value (LTV) and 3.29% deal up to 70% LTV. Both products are subject to a £999 product arrangement fee and come with free standard valuation and fees assisted legal services.
Matt Bartle, director of products at Leeds Building Society, commented:
“Our new ten-year buy-to-let products provide additional choice for landlords, and follow our recent rate reductions and the introduction of new cashback incentives in our range.
“Longer term fixes provide landlords with the opportunity to budget for their mortgage costs over a decade, as well as saving any fees associated with remortaging during the period.
“In the current rate environment, fixing for a longer term offers landlords some security at a time of economic uncertainty.”