Leeds & Holbeck Building Society has produced a new buy to let mortgage launched designed with existing landlords looking at remortgaging in mind.
The loan is fixed at base rate plus one per cent for five years and comes with a free valuation and use of Leeds & Holbeck's legal service for remortgages.
"Our sales teams have all been telling us that there is real demand for a specific remortgage buy to let product," said Karen Wint, Leeds & Holbeck head of marketing.
"We think this loan offers a great combination of a free valuation and easy to use legal service, without having to pay fees up-front. It may be of particular interest to landlords with more than one property.
"The product sits well in the market. With the current view that we are at the peak of the interest rate cycle, it could well mean a reduction in the rate is on the cards in 2005."To read more about buy to let mortgages, click here.
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