Leeds Building Society Offset Buy-to-Let Lifetime Tracker launched

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Leeds Building Society Offset Buy-to-Let Lifetime Tracker launched

The Leeds Building Society Offset Buy-to-Let Lifetime Tracker has been launched, designed specifically for landlords.

Available with a loan to value of up to 80 per cent, the Leeds Building Society Offset Buy-to-Let Lifetime Tracker comes with a rate of 0.99 per cent above the Bank of England base rate.

There is no higher lending charge on the product and there is the opportunity for customers to access their savings at all times without the risk of incurring a penalty.

Karen Wint, head of marketing and PR at Leeds Building Society, said: "The ability to offset on a buy-to-let will prove popular with many landlords, particularly as this product is available up to 80 per cent loan to value.

"Furthermore, for a higher rate taxpayer, this is the equivalent of receiving a gross return of 9.98 per cent on their savings, which is simply unachievable any other way for a risk free investment."

Leeds Building Society was established in 1875 as Leeds and Holbeck (Permanent) Building Society and the name change took place in September 2005.

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