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TODAY'S OTHER NEWS

Leeds Building Society launches exclusive buy-to-let product

Leeds Building Society has launched a new 2 year 70% LTV Buy to Let fixed rate product, available exclusively to the LSL group, including TMA Mortgage Club for Directly Authorised advisers.

The new product offers purchase and remortgage options to landlords, with a fixed rate of 2.49% to 31 August 2018 for loans up to 70% LTV.

The scheme also offers fees assisted legal services for standard remortgages. 

David Copland, Director of Mortgage Services, LSL Financial Services, commented: “We are delighted to be offering this product as an exclusive with a reasonable fee, a great rate and a practical rental yield calculation.”

Jaedon Green, Director of Product and Distribution at Leeds Building Society, added: “The buy-to-let market is going through a lot of change at present and landlords are in a period of adjustment as the new regulations and phased tax changes take effect.”

“We’re mindful of this as we work closely with our intermediary partners to develop products which will assist and appeal to landlords.”

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