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Leeds Building Society – Buy-To-Let 2% Discount

Leeds Building Society – Buy-To-Let 2% Discount

Type: Discounted rate buy-to-let mortgage

Discounted term: Two years

Discount: 2%

Payable rate: 3.99%

Minimum loan: No minimum

Maximum loan: Up to 70% of valuation subject to a maximum of £500,000, up to 75% of valuation for interest only loans

Income multiples: Rental income must be at least 130% of the mortgage repayments calculated at the pay rate on an interest-only basis

Conditions: Capital repayments of up to 10% a year allowed without penalty in the discount period, up to four properties allowed within a total maximum of £1.25m, available direct and through intermediaries, available for properties in England, Scotland and Wales

Arrangement fee: £800 completion fee plus £199 booking fee

Redemption fee: 3% of the amount repaid in year one, 2% in year two

Introducer’s fee: Refer to lender

Contact: www.leedsbuildingsociety.co.uk

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