Thu 28th Sep, 2006
New buy to let range from Leeds
Leeds Building Society has launched a five year fixed rate buy to let mortgage range, with fee free options for remortgagers. The five year fixed rate is at 5.24 per cent, with the fee-free version at 5.84 per cent. Both deals are available up to 80 per cent loan to value and allow the repayment of 10 per cent of the outstanding balance each year without penalty. There are no higher lending charges. The fee-free deal includes a free valuation up to £335. Early repayment charges are staggered as follows: 5 per cent of the amount redeemed in years 1-2, 4 per cent in year 3, 3 per cent in year 4, and 2 per cent in year 5.
The building society has also launched a five year fixed rate mortgage at 4.99 per cent, which also allows 10 per cent capital repayments each year without penalty. There is also a fee free five year fixed rate at 5.49 per cent.