Leeds launches ERC-free buy-to-let range

Leeds Building Society has launched two new fixed rate buy-to-let mortgages without Early Redemption Charges.

Related topics:  Mortgages
Rozi Jones
9th May 2016
leeds building society

The products include a two-year fix at 2.50% available up to 60% LTV and a two-year fix at 3.15% up to 70% LTV.

Each mortgage comes with a free valuation, fees assisted legal services for standard remortgages, and has a £1,999 fee.

Jaedon Green, Leeds Building Society’s Director of Product and Distribution, said:

“These latest additions to our competitive buy-to-let mortgage range offer borrowers extra flexibility through the absence of penalties for early redemption.

“There have been a lot of changes affecting the buy-to-let market in recent months and the phased introduction of new regulation and tax treatment requires a period of adjustment for landlords.

“Change creates uncertainty, hence our timely introduction of these latest buy-to-let deals. The absence of ERCs means landlords can evolve their approach to the emerging legislation while retaining a degree of flexibility.”

More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.