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Leeds Building Society – Offset Buy To Let Lifetime Tracker

Leeds Building Society

Offset Buy To Let Lifetime Tracker

Type: Offset buy-to-let mortgage

Tracker term: Life of loan

Tracker rate: 0.99% above the Bank of England base rate

Payable rate: 5.99%

Minimum loan: £25,001

Maximum loan: Up to 80% of valuation subject to a maximum of £500,000, loans above £500,000 negotiable

Income multiples: Rental income must be at least 130% of mortgage repayments

Conditions: Free mortgage payment protection insurance in first three months

Flexible features: Overpayments, underpayments, payment holidays. lump sum withdrawals, interest calculated daily

Arrangement fee: Loans up to £500,000 – £999, loans above £500,000 – negotiable

Redemption fee: None

Introducer’s fee: Refer to lender

Tel: 01543 418104

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