Buy To Let Date:
Leeds Building Society has amended selected buy-to-let mortgages. One of the products to receive a change was its five-year fixed deal, which has earned an 'excellent' rating as a result.
This mortgage now has a rate of 3.54% fixed until 31.7.20. It is available at a loan-to-value (LTV) of 60% and has a competitive fee of £999.
This deal is available to second-time buyers and remortgagors with a 40% deposit. All borrowers can benefit from the flexibility of overpayments, which gives them the opportunity to shorten their mortgage term.
The deal is likely to intrigue landlords with the necessary deposit. Although there is no incentive package, the competitive rate and fee make it a cost-effective option, and when combined with the ability to make overpayments, this mortgage is an attractive deal.
Moneyfacts rating: Excellent
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