Leeds Building Society buy-to-let mortgages 'offer flexibility'
Date:Wednesday 17th November 2010
Author: Susanna Kavka
A new Leeds Building Society buy-to-let mortgage has been unveiled and a source at the firm has lauded the benefits of the deal.
Kim Rebecchi, sales and marketing director at the company, noted that the two-year discount proposition, which is available at 4.29 per cent interest for up to 65 per cent loan-to-value (LTV) arrangements, features no higher lending charge.
She also pointed out that clients are allowed up to ten per cent capital repayments each year, adding: "These new buy-to-let options have been specifically designed to offer landlords greater flexibility."
Ms Rebecchi revealed customers with smaller deposits may be able to benefit from a similar deal, since the product is available at up to 70 per cent LTV with an interest rate of 4.89 per cent.
Leeds Building Society recently launched a five-year fixed-rate for residential buyers, with interest starting from 3.89 per cent for those who can afford a 25 per cent deposit.