‘Excellent’ BTL mortgage from Leeds BS | Product News - Moneyfacts

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‘Excellent’ BTL mortgage from Leeds BS

‘Excellent’ BTL mortgage from Leeds BS

Category: Buy To Let
Date: 26/05/2015

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.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.

The basics…

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.

The finer details…

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.

Why we like it…

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

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 Any products featured may be withdrawn by their provider or changed at any time.

 

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 Any products featured may be withdrawn by their provider or changed at any time.

 
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