Leeds launches new BTL range with no early redemtion charges

Leeds BS has announced today that it has launched two new fixed rate BTL mortgages that have no early redemption charges.

The new products are a two-year fix at 2.50% available up to 60% LTV and another two-year fix at 3.15% up to 70% LTV.

Both come with 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.”

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BDC 305 Jun 2023