Leeds Building Society launches new mortgage deal

Leeds Building Society has launched a competitive buy-to-let deal for those in the market for cheap mortgages.

The home loan offers a two-year fixed rate of 4.44 per cent available up to a loan-to-value of 70 per cent.

It also allows those seeking cheap mortgages with extra flexibility the opportunity to make additional repayments of up to ten per cent each year without incurring a penalty.

Those considering the home loan deal should know that it requires a £199 booking fee and the completion fee will only set them back £800.

"This buy to let option has been specifically designed to offer landlords greater choice and flexibility. It has no higher lending charge and ten per cent capital repayments are allowed each year without penalty," said Kim Rebecchi, sales and marketing director at the firm.

The Council of Mortgage Lenders created a mortgage calculator to help people work out how much a future rise in the base rate will affect their current deal.

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2011-04-07 13:02:26 © Moneyextra.com