Buy To Let Date:
Leeds Building Society has reduced the cost of its five-year fixed buy-to-let mortgages by 0.10%, earning one of its deals an 'excellent' rating for its competitive rate and terms.
This five-year mortgage now has a competitive rate of 3.24% fixed until 31.10.20. It is available at 60% loan-to-value (LTV) and has a fee of £999.
This deal is available to second-time buyers and remortgagors with a 40% deposit. All borrowers can take advantage of the offer of free valuation (max £560), while those looking to remortgage their rental property can also profit from help towards costs.
Overpayments of up to 10% of the outstanding balance can be made each year, giving landlords a degree of repayment flexibility.
Landlords on the hunt for a competitive long-term fixed mortgage are likely to be pleased by this latest reduction. Not only does this deal boast a competitive rate, but the accompanying incentive package is also appealing, particularly for remortgagors, making this a great all-round product.
Moneyfacts rating: Excellent
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.