Leeds launches new buy-to-let deals to meet purchaser needs
Two new fixed rate mortgages have been launched by Leeds Building Society for the buy-to-let purchase market:
– Two year fixed rate mortgage at 2.00%, available up to 60% LTV.
– Two year fixed rate mortgage at 2.40%, available up to 70% LTV0.
Each mortgage comes with a free valuation for properties worth up to £500k and is available for purchase only.
Jaedon Green, director of product and distribution, Leeds Building Society, 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.”
Leeds Building Society continues to support this important market and will lend on one to four properties, where the borrower’s total portfolio does not exceed eight units.