Leeds Building Society offers new buy-to-let mortgage

19-Oct-2006

Leeds Building Society has announced the launch of a sub five per cent mortgage, potentially suitable for first time buyer landlords.

The new buy-to-let mortgage range offers first time buyer and repeat purchase landlords a three-year discounted interest rate of 4.99 per cent, with a maximum loan-to-value of 80 per cent and no higher lending charges or completion fee.

Leeds Building Society is also offering a fee-free three-year discounted package at 5.49 per cent.

"A buy-to-let rate at only 4.99 per cent offers outstanding value, particularly when combined with a flat fee of only £999 and … ten per cent capital repayments allowed each year without penalty," said Kim Rebecchi, general sales manager at Leeds Building Society.

"Our excellent rate combined with a flat fee will prove attractive to both first time and experienced landlords," she added.

In addition to mortgages, Leeds Building Society also offers a range of products, including credit cards and insurance products.

For advice on first time buyer mortgages or to find out how much you can borrow and how much it would cost you, contact a good mortgage broker.

Click here to see what properties are on the market in your area – whether you buy alone or with others.

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