Leeds BS has announced today that it has launched two new fixed rate BTL mortgages that have no early redemption charges.
The new products are a two-year fix at 2.50% available up to 60% LTV and another two-year fix at 3.15% up to 70% LTV.
Both come with free valuation, fees assisted legal services for standard remortgages, and has a £1,999 fee.
Jaedon Green, Leeds Building Society’s Director of Product and Distribution, said: “These latest additions to our competitive buy-to-let mortgage range offer borrowers extra flexibility through the absence of penalties for early redemption.
There have been a lot of changes affecting the buy-to-let market in recent months and the phased introduction of new regulation and tax treatment requires a period of adjustment for landlords. Change creates uncertainty, hence our timely introduction of these latest buy-to-let deals. The absence of ERCs means landlords can evolve their approach to the emerging legislation while retaining a degree of flexibility.”