Rates lowered by lender ? buy to let mortgages

31 December 2008

A building society has announced it is lowering rates on its range of buy to let mortgages as part of a New Year sale.

Rates on buy to let, first-time buyer, fixed and offset mortgages are being reduced by Leeds Building Society, starting at 4.75 per cent for a three-year period.

Karen Wint, the firm's general manager of marketing and customer services, remarked that the deals can give those looking to get onto the property ladder, as well as people wanting to remortgage, with "peace of mind and flexibility".

She went on to reveal that the company, as a building society, is better off than most banks in the wake of the credit crunch.

"The New Year is a great time to sort out your finances and it's mortgage sale time at Leeds Building Society. I would urge customers to act quickly," Ms Wint added.

It comes after Royal Bank of Scotland and NatWest announced new deals on fixed-rate mortgages.