Leeds launches 5-year fixed BTL

The product allows for 10% capital repayments each year without penalty and has no higher lending charge.

A fee assisted offer is also available at 5.49% up to 70% LTV.

Phil Coombes, head of intermediary sales at Leeds, said: “Our new 5-year buy-to-let product will attract professional landlords, who may wish to move onto a highly competitive rate and fix their monthly commitments.

“The society is also benefiting first-time landlords who may require help with upfront costs by offering a market leading fees assisted deal for a 5 year period.”