Leeds Building Society offers new BTL mortgages with no ERCs

Leeds Building Society has extended its range of competitive buy-to-let mortgages by launching two new fixed rate mortgages without Early Redemption Charges (ERCs).

The deals are:

– Two year fixed rate buy-to-let mortgage at 2.50% available up to 60% LTV (loan to value).
– Two year fixed rate buy-to-let mortgage at 3.15% available 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.”