Buy-to-let mortgage from Leeds give you more flexibility
Wednesday 16 May 2007
Leeds Building Society has launched a buy-to-let lifetime tracker mortgage which they describe as "straightforward".
The mortgage will follow the Bank of England base rate plus 0.99 % for the mortgage term.
Currently, Leed's buy-to-let lifetime tracker mortgage track at 6.24% which compares favourably with other buy to let mortgages from lenders such as Abbey, Mortgage Express, Barclays and Northern Rock.
The mortgage has a set up fee of £999, and allows unlimited capital repayments, which the Leeds say allows the "flexibility to pay off all or part of the mortgage without penalty".
Karen Wint, head of marketing and PR at the Leeds Building Society said that customers would benefit from a "low set up cost".
The buy to let mortgage is also available at up to 80% LTV and has no higher lending charges.