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Leeds announce reductions to BTL range

Leeds Building Society has strengthened its offering to landlords this morning by announcing that it has cut rates across selected fee-free buy-to-let mortgages and launched a new 80% LTV product.

According to the lender, two-year fixed rate buy-to-let products now start at 1.99% up to 60% LTV and 2.19% up to 70% LTV, including free standard valuation, fees assisted legal services and no product fees.

The new product is a 3.40% two-year fixed buy-to-let mortgage with a £399 fee at 80% LTV, which comes with free standard valuation and fees assisted legal services.

Matt Bartle, director of products at Leeds Building Society, said: “We continue to provide a wide range of choice to landlords through our buy-to-let range and use our insight and expertise to offer a variety of fees and incentives for borrowers.

We know landlords are taking an active role in managing their portfolio to maximise yield and making sure they have the best deal on their mortgage. Our buy-to-let rate reductions and new 80% LTV mortgage have been implemented to continue offering landlords greater choice no matter what their individual circumstances.”

Article by Warren Lewis of Property Reporter

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