Leeds BS cuts buy-to-let rate | Product News - Moneyfacts

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Leeds BS cuts buy-to-let rate

Leeds BS cuts buy-to-let rate

Category: Buy To Let
Date: 14/06/2013

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 It is now over 6 months old so the content may be out of date.

Rate reductions across Leeds Building Society's buy-to-let mortgage range have resulted in its three-year stepped mortgage reducing by 0.80%.

The basics…

This deal charges a fixed rate of 4.19% until 31.8.16, after which investors will revert to a variable rate of 4.99% until 31.8.18.

A maximum loan-to-value of 75% applies to this mortgage.

The finer details….

Available to second-time buyers and remortgage customers, this deal allows minimum advances of £25,000.

A booking fee of £199 is required upfront.

The incentive of a free valuation is offered to all borrowers, whilst those remortgaging will also benefit from free legal fees.

Why we like it….

This competitive mortgage should appeal to investors who are looking to fix for a medium term before moving on to a variable rate of interest.

Four out of five Moneyfacts Stars have been awarded.

What next?

Speak to a BTL mortgage adviser
Compare 2 year fixed BTL mortgages
Read our buy to let investment risk guide

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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