Leeds Building Society reduces fixed-rate mortgage

Leeds Building Society has reduced the rate of its two-year fixed-rate buy-to-let mortgage, which is available from only 4.89 per cent.

The mortgage product features a fixed fee and allows ten per cent capital repayments each year, while it does not carry a penalty and there is no higher lending charge.

Kim Rebecchi, sales and marketing director, commented: "We have delivered certainty and peace of mind, not only in terms of a fixed monthly payment, but also with fixed fees of only £999.

"Clearly, this is of significant benefit to those landlords looking to budget and manage their portfolio."

Meanwhile, Skipton Building Society recently expanded its mortgage range with a two-year fixed-rate product at just 2.99 per cent.

The new Limited Edition 2-Year Fix is available at up to 60 per cent loan-to-value .

According to the society, this limited edition product forms part of their plan to gradually increase lending during the course of 2010.