29th November 2011 For Immediate Release

Leeds launches market leading fees assisted buy to let deals

Leeds Building Society’s new fixed rate buy to let range offers market leading fees assisted deals available over 2, 3 and 5 year periods. Furthermore, rates have been reduced on the fee-paying versions by up to 0.40%.

The Society has launched new market leading fees assisted buy to let deals, over a 3 year period, from 4.49% up to 60% LTV, 4.79% up to 65% LTV and 4.99% up to 70% LTV. These new offers complement the existing market leading 2 and 5 year fees assisted buy to let products, and all combine a free valuation up to £335 with free in-house legal services for standard re-mortgages.

The Society has reduced fee paying 3 year buy to let fixed rates by 0.40% up to 65% LTV and by 0.30% up to 60% LTV. In addition, 10% capital repayments are allowed each year without penalty and there is no higher lending charge.

Phil Coombes, Leeds Building Society’s Head of Intermediary Sales said, "We believe it’s a very good time to lock into a low fixed rate and have reduced rates by up to 0.40% on the 3 year offer. These products will attract professional landlords, who may wish to move onto a highly competitive rate and fix their monthly commitments.

"The Society is also benefiting first time landlords, who may require help with up front costs, by offering market leading fees assisted deals across 2, 3 and 5 year periods."

For detail of their nearest intermediary account manager, mortgage introducers can call 0121 476 5194 or visit www.leedsintroducer.co.uk.

Ends

Notes to Editors

Key features

2 Year Fixed Rate Buy to Let up to and including 28 February 2014

• Tier 1 – 3.89% available up to 60% LTV (£1,300 Completion Fee)
• Tier 2 – 3.99% available from 61% to 65% LTV (£1,300 Completion Fee)
• Tier 3 – 4.39% available from 66% to 70% LTV (£800 Completion Fee)
• No Higher Lending Charge
• £199 Booking Fee
• Tapered early repayment charges of 3% of the amount redeemed in year 1 and 2% in year 2
• 10% capital repayments are allowed each year without penalty

Buy to Let Fees Assisted 2 Year Fixed Rate up to and including 28 February 2014

• Tier 1 – 4.29% available up to 60% LTV
• Tier 2 – 4.59% available from 61% to 65% LTV
• Tier 3 – 4.79% available from 66% to 70% LTV
• No Higher Lending Charge
• £199 Booking Fee
• No Completion Fee
• Free standard valuation up to £335
• Free in-house legal services for standard re-mortgages
• Tapered early repayment charges of 3% of the amount redeemed in year 1 and 2% in year 2
• 10% capital repayments are allowed each year without penalty

3 Year Fixed Rate Buy to Let up to and including 28 February 2015

• Tier 1 – 3.99% available up to 60% LTV (£1,300 Completion Fee)
• Tier 2 – 4.19% available from 61% to 65% LTV (£1,300 Completion Fee)
• Tier 3 – 4.59% available from 66% to 70% LTV (£800 Completion Fee)
• No Higher Lending Charge
• £199 Booking Fee
• Tapered early repayment charges of 4% of the amount redeemed in year 1, 3% in year 2 and 2% in year 3
• 10% capital repayments are allowed each year without penalty

Buy to Let Fees Assisted 3 Year Fixed Rate up to and including 28 February 2015

• Tier 1 – 4.49% available up to 60% LTV
• Tier 2 – 4.79% available from 61% to 65% LTV
• Tier 3 – 4.99% available from 66% to 70% LTV
• No Higher Lending Charge
• £199 Booking Fee
• No Completion Fee
• Free standard valuation up to £335
• Free in-house legal services for standard re-mortgages
• Tapered early repayment charges of 4% of the amount redeemed in year 1, 3% in year 2 and 2% in year 3
• 10% capital repayments are allowed each year without penalty

5 Year Fixed Rate Buy to Let up to and including 28 February 2017

• 4.99% available up to 70% LTV
• No Higher Lending Charge
• £199 Booking Fee
• £800 Completion Fee
• Tapered early repayment charges of 5% of the amount redeemed in years 1 and 2, 4% in year 3, 3% in year 4 and 2% in year 5
• 10% capital repayments are allowed each year without penalty

Buy to Let Fees Assisted 5 Year Fixed Rate up to and including 28 February 2017

• 5.49% available up to 70% LTV
• No Higher Lending Charge
• £199 Booking Fee
• No Completion Fee
• Free standard valuation up to £335
• Free in-house legal services for standard re-mortgages
• Tapered early repayment charges of 5% of the amount redeemed in years 1 and 2, 4% in year 3, 3% in year 4 and 2% in year 5
• 10% capital repayments are allowed each year without penalty

Leeds Building Society has assets of £9.5bn (as at 31 December 2010) and 67 branches throughout the UK, Gibraltar and Ireland. The Society has operated from the centre of Leeds since 1886.

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