Leeds offers five-year fixed buy-to-let deal at 4.99%
Friday, 23 September 2011 01:03
Leeds Building Society's five-year fixed-rate buy-to-let mortgage is now available at 4.99 per cent on loan-to-value (LTV) ratios up to 70 per cent.
It claims this deal is the best on the market and provides landlords with the security they need to expand their property stable.
Kim Rebecchi, sales and marketing director, said: "We believe it's a very good time to lock into a low fixed rate and this product will attract professional landlords who may wish to move onto a highly competitive rate and fix their monthly commitments."
The announcement comes after the National Landlords Association recently reported a continued increase in the popularity of buy-to-let mortgages.
Meanwhile, the British Bankers' Association claimed this week that an increase in the number of mortgage agreements in August was caused by a greater number of purchases by potential landlords.
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