Leeds adds £500 cashback deals to BTL range

Leeds Building Society has added new £500 cashback deals to its buy-to-let mortgage range to help borrowers who want to choose their own conveyancer.

Related topics:  Mortgages
Rozi Jones
22nd August 2017
leeds building society
"We’ve listened to brokers and have introduced these latest cashback products in response to the ongoing pressures within the remortgage conveyancing market"

The deals include two-year fixed rates from 2.45% up to 60% LTV and 2.80% up to 70% LTV.

Five-year fixed rates start from 2.74% up to 60% LTV and 3.25% at 70% LTV.

In addition, all come with a free standard valuation and no completion fee.

Jaedon Green, Leeds Building Society’s Director of Product and Distribution, said: “We’ve listened to brokers and have introduced these latest cashback products in response to the ongoing pressures within the remortgage conveyancing market.

“By offering £500 cashback, we’re giving brokers and their customers the option to choose their own conveyancer, which could speed up the process.

“The move is another example of the Society’s commitment to supporting landlords and the buy-to-let market.

“We’ve recently announced our readiness for the new PRA rules on portfolio landlords, such as increasing our maximum portfolio size from eight to 10 mortgaged rental properties.

“These improvements follow changes we introduced at the start of the year, such as increasing Interest Coverage Ratio and removing the minimum income requirement.”

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