View more on these topics

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

Recommended

NAPF call for reform of occupational pension accounting

Accounting standards used by companies to calculate pension assets are too focused on the short-term, undermine occupational pension provision and should be reformed, according to a report from the National Association of Pension Funds. Released today, the report, Accounting for Pensions, says the International Accounting Standards Board rules use current market prices to value surpluses […]

September issue

Finding something interesting to write about during the dog days of summer is often something of a challenge. Not this year, though. With news flowing thick and fast and markets gyrating widely, commentators like me have been spoilt for choice. Unfortunately, much of the comment has been of a bearish nature but markets were feeling […]

The ghost in the machine

Our panel debate the impact of the US downgrade on investment strategy, ask if social impact bonds are a case of the Government passing the buck to private investors and agree a market crash is not a foregone conclusion but that bad news is spooking the markets

21

Ivan Massow targets IFAs’ trail with new launch

Former IFA Ivan Massow has launched a new proposition which pledges to return the majority of trail commission clients are paying if they switch from their current adviser. Massow’s says it will return 80 per cent of the trail commission and keep 20 per cent itself and is targeting clients who are not receiving any […]

Get your New Year off to a flying start

Ross Jackson, Senior Marketing Manager There’s no denying that these days we expect things quickly. You might have noticed it first-hand during the flurry and rush of the Christmas period. The fact is that in a world of smartphones, social media and click and collect, most clients expect to get an instant response and a […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment