Leeds Building Society has launched two five-year fixed-rate buy-to-let deals, including one with a £199 fee.
Both deals are available up to 70 per cent loan to value and allow 10 per cent capital repayments each year without penalty. One of the products is available at 4.99 per cent with a booking fee of £199 and an £800 completion fee and the other is available at 5.49 per cent for a £199 booking fee.
The lower fee option includes a free standard valuation up to £355 and free in-house legal services for remortgage customers. The product is available both direct and through intermediaries.
Sales and marketing director Kim Rebecchi says: “Our five-year buy-to-let product will attract landlords, who want a competitive rate and fix their monthly commitments.”
Lentune Mortgage Consultancy director Stuart Gregory says: “This could strike across the bows of some of the other lenders because of the low fees and they could follow suit.”