Leeds BS cuts buy-to-let mortgage rates
The improvements apply across a number of products including those with a lower fixed rate supported by a higher product fee.
"We continue to respond to the changing needs of landlords in the private rented sector."
Leeds Building Society has announced rate reductions across its buy-to-let mortgage range.
Following rate cuts earlier this month, further reductions of up to 0.15% have been made across the buy-to-let range, including portfolio products.
Two-year fixed rates now start from 5.52% with a £1,999 fee and 6.14% fee-free, while five-year fixes have reduced to 5.09% with a £1,999 fee and 5.39% fee-free.
Sean Hanson, senior mortgage manager at Leeds Building Society, said: “As an important tenure within a healthy housing market, we continue to respond to the changing needs of landlords in the private rented sector.
“The further rate reductions we have made will serve the market as a whole, helping to reduce costs for landlords, which we hope will improve the outlook for private renters too.
“The changes we’ve made as part of our ongoing review of rates aims to support our intermediary partners who are advising clients in this sector.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
Santander
Santander joins mortgage price war with new rates from 3.51%
FCA
FCA sets out timeline for mortgage rule changes
Nationwide
FCA fines Nationwide £44m for inadequate financial crime controls
Inflation
Bank of England set to cut rates as inflation falls to eight-month low
FCA
FCA announces new measures to support growth of mutuals sector