The mortgage product offers a two year fixed rate buy to let up to and including 31 December 2014 at just 3.99% for loans up to 70% Loan to Value. The booking fee for this product is £199, with a completion fee of £800. The product represents fantastic value and is available on loans up to £500,000, allowing 10% capital repayments each year.
Martyn Smith, Head of Mortgage Products, Legal & General Network says:
“At sub 4% this is a highly competitive rate, especially when you consider the low flat fee in today's buy to let market. Two year fixed rates continue to be the product of choice by many buy to let borrowers, so we expect this Legal & General exclusive from Leeds Building Society to be very popular.”
Phil Coombes Leeds Building Society’s Head of Intermediary Sales says:
“We believe it’s a very good time to lock into a low fixed rate buy to let deal. This product will attract landlords, who may wish to move onto a highly competitive rate with a low flat fee, and fix their monthly commitments.”
