Leeds unveils no ERC buy-to-let range

The products are 2-year fixes at 2.50% to 60% loan-to-value and 3.15% to 70% LTV.

Leeds Building Society has launched a range of buy-to-let mortgages with no early redemption charges.

The products are 2-year fixes at 2.50% to 60% loan-to-value and 3.15% to 70% LTV.

Each mortgage comes with a free valuation, fees assisted legal services for standard remortgages and a £1,999 fee.

Jaedon Green, Leeds Building Society’s director of product and distribution, said: “These latest additions to our competitive buy-to-let mortgage range offer borrowers extra flexibility through the absence of penalties for early redemption.

“There have been a lot of changes affecting the buy-to-let market in recent months and the phased introduction of new regulation and tax treatment requires a period of adjustment for landlords.

“Change creates uncertainty, hence our timely introduction of these latest buy-to-let deals.

“The absence of ERCs means landlords can evolve their approach to the emerging legislation while retaining a degree of flexibility.”