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Leeds Building Society – Buy-To-Let Five-Year Fixed – Direct

Leeds Building Society – Buy-To-Let Five-Year Fixed – Direct

Type: Fixed-rate buy-to-let mortgage

Fixed term: Until December 31, 2016

Fixed rate: 4.99%

Minimum loan: No minimum

Maximum loan: Up to 70% of valuation subject to a maximum of £500,000, up to 75% of valuation on an interest-only basis

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 fixed rate period, up to four properties allowed within a total maximum of £1.25m, available for properties in England, Scotland and Wales

Arrangement fee: £1,100 completion fee for loans up to £500,000, plus £199 booking fee

Redemption fee: 5% of the amount repaid in years one and two, 4% in year three, 3% in year four, 2% in year five plus £199 admin fee

Introducer’s fee: None

Contact: www.leedsbuildingsociety.co.uk

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