Leeds Building Society is reducing the two-year fees on its discount buy-to-let mortgages by 0.3 per cent to 2.79 per cent.
The discount mortgage is available up to 70 per cent loan-to-value and comes with a £199 fee, a free standard valuation up to £335 and fees assisted legal services for standard remortgages.
Martin Richardson, Leeds Building Society’s general manager for business development, said: “This latest rate reduction further increases the choice across our range of buy-to-let and holiday let mortgages and offers an attractive alternative to fixed rate deals.
“We expect the fees assisted products to appeal in particular to homeowners who want to remortgage and are seeking to minimise the costs of switching to a more competitive deal while rates are low.”
The fees assisted two-year discount Buy-to-Let mortgage will be followed by a further 1 per cent discount - a 4.99 per cent rate - for three years, with no early redemption charges.
peter.walker@ft.com
