Leeds Building Society Launches Exclusive New Product with 80% LTV

17 December 2012 Categories: News

Leeds Building Society Launches Exclusive New Product with 80% LTV

The Leeds Building Society has expanded their range of buy to let mortgages with a new 80% LTV product, however in order to apply for the new mortgage you need to use their broker partner, TBMC. The new mortgage is highly competitive with up to 80% LTV and a fixed rate of 4.99% until February 2015. Investors can also take advantage of the low completion fee of £1,800 and booking fee of £199, plus a free valuation for new purchases and remortgages and no legal fees for remortgages.

Andy Young, chief executive at specialist buy to let brokers, TBMC, said of the new deal, “This is an excellent new buy-to-let exclusive available up to 80% LTV and is a great choice for landlord clients who want a higher-geared investment. It is also an excellent remortgage product, especially for those looking to release equity from existing properties.

“With high rental yields and strong tenant demand, it could be a good time for landlords to consider expanding their portfolios with further buy-to-let properties.”

This new product comes just a month after TBMC launched 8 new buy to let mortgage deals in association with Mortgage Trust, several of which buy to let have rates starting at just 3.40%.