Leeds Building Society three-year fixed-rate online buy-to-let mortgage launched
www.moneynews.co.uk > Mortgages > Leeds Building Society three-year fixed-rate online buy-to-let mortgage launched
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Money News |
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Leeds Building Society three-year fixed-rate online buy-to-let mortgage launched
Tue 19th Dec 2006
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It comes with a loan-to-value of 80 per cent, enables customers to make ten per cent capital repayments per year without incurring a penalty and is also full portable.
A fee-free version is available also and both of the Leeds Building Society three-year fixed-rate online buy-to-let mortgage products are fixed until March 31st 2010. There is no higher lending charge on either of the mortgages.
Kim Rebecchi, general manager of sales, stated: "This fixed-rate buy-to-let offers landlords excellent value, provides peace of mind and the ability to budget effectively over a three-year period.
"Landlords also benefit from our simple buy-to-let underwriting criteria. All we require is proof of identity, a clean credit check and confirmation from a suitable letting agent that the rental income will cover 130 per cent of the interest only mortgage payment."
Leeds Building Society offers a quick calculator on its website, allowing potential mortgage-hunters the chance to determine approximately how much they will pay per month for a product.
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