Leeds Building Society is trimming rates on two of its buy-to-let deals from tomorrow.

At 60 per cent loan-to-value its two-year fix is reducing from 1.49 per cent to 1.44 per cent, with a £1,999 fee.

At 70 per cent LTV it is cutting its two-year fix from 1.65 per cent to 1.59 per cent, with a £1,999 fee.

For landlords needing to borrow up to 80 per cent LTV, Leeds recently launched a two-year fixed 2.94 per cent with a £2,499 fee, which it says is the cheapest in the market.

All three products come with a free standard valuation and legal fees.

Leeds Building Society director of product Matt Bartle says: “Our experience and expertise in the buy-to-let market means we’re well-positioned to meet the evolving requirements of landlords.

“We know that many landlords are actively managing their portfolios, with their choice of mortgage deals playing an important role in maximising yield.

“These rate reductions follow the launch of our two year 80 per cent LTV product, which continues to offer the lowest rate on the market.”

Author: TLAChairman