Buy To Let Date:
Leeds Building Society has unleashed a new five-year fixed rate buy-to-let (BTL) mortgage onto the market, immediately earning it an 'excellent' rating for its competitive terms.
This mortgage has a competitive rate of 2.90% fixed until 31.8.21. It is available at a loan-to-value (LTV) of 60% and has a fee of £1,999.
Second-time buyers and those looking to remortgage their rental properties are invited to apply for this deal. An incentive package of free valuation (max £999) is offered to all borrowers, while remortgagors can also benefit from help towards costs. Overpayments of up to 10% of the outstanding balance are permitted per annum, giving borrowers some welcome repayment flexibility.
Landlords who are looking for an attractive long-term mortgage will certainly pay attention to this newcomer, which boasts a competitive rate and an enticing incentive package. As a result, this deal fully deserves its 'excellent' rating.
Moneyfacts rating: Excellent
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