Leeds Building Society two-year fixed-rate buy-to-let mortgages 'offer certainty'

Date:Friday 14th May 2010
Author: Susanna Kavka

Landlords may appreciate the certainty and peace of mind offered by the Leeds Building Society two-year fixed-rate buy-to-let mortgage, a sector expert from the firm has claimed.

General manager of sales at the financial institution Paul Kaye made his remarks after the product was launched, with interest starting from 5.29 per cent and a fixed fee.

He highlighted the fixed fee of £999 in particular as being useful for landlords, who can use this amount in their budgeting figures.

Mr Kaye added: "When you look at what is currently available, many of the low rate products have percentage based fees, which can make the headline rate much less attractive."

The Leeds Building Society two-year fixed-rate buy-to-let mortgage also allows ten per cent capital repayments every year and there is no higher lending charge.

Earlier this month, the firm unveiled two shared-ownership mortgage products, which are available for 95 per cent of the borrowers' share of a property.