Leeds BS cuts buy-to-let mortgage rates

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.”