Leeds launches new buy-to-let rates from 2%

Leeds Building Society has launched a new range of fixed rate mortgages for the buy-to-let market.

Related topics:  Mortgages
Rozi Jones
24th October 2016
leeds building society
"Perhaps unsurprisingly, there was a peak of activity in the buy-to-let market earlier this year before the Stamp Duty increases came into force."

Rates include a two-year fixed rate available at 2.00% up to 60% LTV and at 2.40% up to 70% LTV.

Each mortgage comes with a free valuation for properties worth up to £500,000 and is available for purchase only.

Jaedon Green, Leeds Building Society’s Director of Product and Distribution, said: “Perhaps unsurprisingly, there was a peak of activity in the buy-to-let market earlier this year before the Stamp Duty increases came into force.

“Despite tax changes and forthcoming regulatory changes, the UK continues to benefit from a strong demand for rental properties.

“Buy-to-let provides a natural complement to home ownership. A stable housing market requires a healthy equilibrium, with rental properties enabling greater flexibility and employment mobility.”

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