Welcome Landlords – Have 0% for three months!

by Property118.com News Team

15:26 PM, 24th October 2018
About 2 years ago

Welcome Landlords – Have 0% for three months!

Make Text Bigger
Welcome Landlords – Have 0% for three months!

The Leeds building society is offering a welcome start of 0% for Buy to Let purchasers on their new range of ‘Easy Start’ products.

Welcome is designed to allow BTL customers breathing space when their finances are most stretched after the initial cost of purchase.

Leeds Building Society’s director of product and distribution,Jaedon Green, said: “Easy Start could take away some of the pressure on landlords during an initial void period. Our Welcome Mortgage won awards and industry praise so we looked at how we could tailor its benefits for buy-to-let borrowers.”

“When they first buy a property they might need to decorate or carry out refurbishments before tenants can move in, so clearly there’d be no rent coming in over that time. Cash freed up at the start of the mortgage could go towards a higher-quality fit-out to help to secure a better rental return.

“If the landlord chooses to borrow on an interest only basis, Easy Start means there would be no repayments in the first three months.

“This innovation is the latest example of how we’ve used our insight and expertise in the buy-to-let market to understand and respond to customer need.”

All the Easy Start products are a 5 year fixed rate with a free valuation added to keep costs down further.

They include:

  • 2.72% available up to 60% LTV with a £999 fee
  • 2.82% available up to 60% LTV with no fee
  • 3.09% available up to 70% LTV with a £999 fee
  • 3.24% available up to 70% LTV with no fee

If you require assistance with a Buy to Let mortgage or any type of property finance please complete the contact form below and we will be happy to help 🙂

Form to Contact Property118

  • Please give us a few details so we can investigate and call you back

Property118 landlord overjoyed selling tenanted portfolio with National Residential for half a million in just 26 days

The Landlords Union

Become a Member, it's FREE

Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agents

Learn More