Leeds BS BTL 5Y FIXED 1.79% 60%LTV £999 Fee
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Leeds BS BTL 5Y FIXED 1.79% 60%LTV £999 Fee

70
Expires on 31/07/2020Posted 17th May
5 Year Buy To Let Fixed Rate Mortgage
RATES CORRECT AS AT 12 MAY 202

Initial rate
1.79%
Fixed up to and inc. 31/07/2025

ADDITIONAL FEATURES
  • Interest calculated daily.
  • Maximum loan £500,000.
  • Fees assisted legal services for standard re-mortgages.
  • Free standard valuation up to £999 .
  • 10% capital repayments are allowed each year during the fixed rate period without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges apply up to and including 31 Jul 2025.

Fee free option linked here leedsbuildingsociety.co.uk/mor…99/
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70 Comments
Lowest I've seen yet !
danboi6317/05/2020 08:47

https://www.hotukdeals.com/deals/first-direct-159-5-year-fixed-75-ltv-repayment-mortgage-490-fee-3464908Cold


Not BTL
bagga21217/05/2020 08:47

Not BTL



My apologies, may want to make that a little clearer in the title.
Cold for me I'm afraid just got a BTL at 1.76% with no fee with Accord Mortgages
cliosport6517/05/2020 08:50

Cold for me I'm afraid just got a BTL at 1.76% with no fee with Accord …Cold for me I'm afraid just got a BTL at 1.76% with no fee with Accord Mortgages


Legals ? Valuation? LTV?
Edited by: "bagga212" 17th May
Had a BTL from them a couple of years ago. Sent them bank statements showing proof of funds and not long from completion they denied it added up to the deposit I was putting down (it was actually well in excess of the deposit).
bagga21217/05/2020 08:53

Legals ? Valuation? LTV?


All free and it had £250 cashback as well Definitely recommend them
Loving all the BTL haters .... we have quite a few
Late time I tried to get a mortgage from LBS it took 6 weeks to get an appointment with a mortgage advisor! Gave up and went with someone who could speak to me the same day.
bagga21217/05/2020 08:55

Comment deleted


I believe that Accord Mortgages are only available through brokers
cliosport6517/05/2020 08:57

I believe that Accord Mortgages are only available through brokers


Yes intermediaries but you chat BS about your so claimed deal if 1.76%.

Just been and checked

40777773-ETQQM.jpg
bagga21217/05/2020 08:59

Yes intermediaries but you chat BS about your so claimed deal if …Yes intermediaries but you chat BS about your so claimed deal if 1.76%.Just been and checked [Image]


No I don't it's what I have and got but I did say I got it in January applied for in October last year
cliosport6517/05/2020 08:55

All free and it had £250 cashback as well Definitely recommend them


Which mortgage broker did u used to get this deal?
savvysps17/05/2020 09:01

Which mortgage broker did u used to get this deal?


Mortgage Matters
cliosport6517/05/2020 09:01

No I don't it's what I have and got but I did say I got it in January …No I don't it's what I have and got but I did say I got it in January applied for in October last year


Well its not cold then is it. This deal and rate is valid today.

You comparing deals from 2019.... silly its not all about you!!

Bit like saving account now and last year. Not the same
Edited by: "bagga212" 17th May
bagga21217/05/2020 09:03

Well its not cold then is it. This deal and rate is valid today.You …Well its not cold then is it. This deal and rate is valid today.You comparing deals from 2019.... silly its not all about you!!Bit like saving account now and last year. Not the same


I agree but I did say in my comment above cold for me and the main reason for that is I never pay for a product fee on any of my mortgages as it works out dearer on the long run.

That is why I voted cold I'm afraid.
cliosport6517/05/2020 09:07

I agree but I did say in my comment above cold for me and the main reason …I agree but I did say in my comment above cold for me and the main reason for that is I never pay for a product fee on any of my mortgages as it works out dearer on the long run.That is why I voted cold I'm afraid.


Your wrong again.

Its people like you with your off the cuff remarks, who really mislead the general members of this platform.

With or without Product Fee is a matter of calculation of outstanding balance and Interest rate + all fees like legals, valuation, product fee
Edited by: "bagga212" 17th May
bagga21217/05/2020 09:09

Your wrong again. Its people like you with your off the cuff remarks, who …Your wrong again. Its people like you with your off the cuff remarks, who really mislead the general members of this platform.With or without Product Fee is a matter of calculation of outstanding balance and Intrest rate + all fees like legals, valuation, product fee


OK believe what you like.

1. You shouldn't believe everything you read on the Internet

2. Do the maths and you will see just because the Interest rate is low doesn't mean it will work out cheaper especially if it has a high product fee to one that has a slightly higher interest rate and no fee

3. Also I am entitle to my opinion

4. I am not a BTL hater either as I have a few BTLs myself
Edited by: "cliosport65" 17th May
cliosport6517/05/2020 09:13

OK believe what you like.1. You shouldn't believe everything you read on …OK believe what you like.1. You shouldn't believe everything you read on the Internet2. Do the maths and you will see just because the Interest rate is low doesn't mean it will work out cheaper especially if it has a high product fee to one that has a slightly higher interest rate and no fee 3. Also I am entitle to my opinion4. I am not a BTL hater either as I have a few BTLs myself


Point 1

Don't make up & post of information that's misleading inaccurate and out of date

Point 2

Yes do the maths..

What I said earlier.


Good luck enjoy your sunday

BTW just trying to help
Edited by: "bagga212" 17th May
bagga21217/05/2020 09:15

Point 1Don't make up post of information that's misleadinh inaccurate and …Point 1Don't make up post of information that's misleadinh inaccurate and out of date Point 2 Yes do the maths..What I said earlier.Good luck enjoy your sunday BTW just trying to help


I think your missing my point I said what I got with somewhere else. I am not misleading anyone just making a point it doesn't always work out cheaper to have a low interest rate and a fee that's all. And of course you are 100% correct it is down to the maths for the deal with everything included and down to individual circumstances The I get your point you are just trying to help that's why we post deals on here because we think they are good but not everyone will.
I‘ve found Birmingham Midshires have the best BTL rates at the moment.
Although this Leeds BS one is quite competitive too.
Example based on 60% LTV.
40777995-klA5x.jpg
Or if a lower rate and a higher arrangement fee work for your circumstances then this is a great rate:-
40777995-DNso9.jpg
SqueakyWalker17/05/2020 09:27

I‘ve found Birmingham Midshires have the best BTL rates at the moment. A …I‘ve found Birmingham Midshires have the best BTL rates at the moment. Although this Leeds BS one is quite competitive too. Example based on 60% LTV.[Image] Or if a lower rate and a higher arrangement fee work for your circumstances then this is a great rate:-[Image]


Hi i evaluated these too.

Note not available for remortage ONLY new purchase

40778052-WZsz2.jpg
cliosport6517/05/2020 09:01

No I don't it's what I have and got but I did say I got it in January …No I don't it's what I have and got but I did say I got it in January applied for in October last year


OK so in your own claim that this is cheaper than one with no fee is false I'm afraid

Let's take a £70000 mortgage over 30 years

This deal with a fee is 1.79% is £104 a month

The no fee that you have linked at 1.99% is £116 a month

So a £12 difference a month 12 x 12 for the year is £144 extra for 1 year, so 144 x 5 as its a 5 year deal works out at £720, so that's a saving of £279 to go for one that has NO product fee exactly what I was saying earlier so really need to do your maths before slating someone that is making a valid point
SqueakyWalker17/05/2020 09:27

I‘ve found Birmingham Midshires have the best BTL rates at the moment. A …I‘ve found Birmingham Midshires have the best BTL rates at the moment. Although this Leeds BS one is quite competitive too. Example based on 60% LTV.[Image] Or if a lower rate and a higher arrangement fee work for your circumstances then this is a great rate:-[Image]


Remember it's not always about the interest rate and need to calculate the product fees in and compare some without a fee
cliosport6517/05/2020 09:33

OK so in your own claim that this is cheaper than one with no fee is false …OK so in your own claim that this is cheaper than one with no fee is false I'm afraidLet's take a £70000 mortgage over 30 yearsThis deal with a fee is 1.79% is £104 a monthThe no fee that you have linked at 1.99% is £116 a monthSo a £12 difference a month 12 x 12 for the year is £144 extra for 1 year, so 144 x 5 as its a 5 year deal works out at £720, so that's a saving of £279 to go for one that has NO product fee exactly what I was saying earlier so really need to do your maths before slating someone that is making a valid point


Ha

Hence I posted both.

Your calculations are wrong BTL term will never give you 30 years. Max 25 years.

For interest only, the term doesnt make a difference.

70k dream on maybe for a 1 bed house in some deprived area up north.
gov.uk/government/news/uk-house-price-index-for-january-2020

So go do your calculations again.
Edited by: "bagga212" 17th May
cliosport6517/05/2020 09:35

Remember it's not always about the interest rate and need to calculate the …Remember it's not always about the interest rate and need to calculate the product fees in and compare some without a fee


Of course.
In my experience fee free BTL mortgages haven’t had competitive enough rates.
But for residential this is often the case.
I’m sure there’s some logic behind this but no broker or provider has been able to give a convincing argument for it.
bagga21217/05/2020 09:39

Ha Hence I posted both.Your calculations are wrong BTL term will never …Ha Hence I posted both.Your calculations are wrong BTL term will never give you 30 years. Max 25 years.70k dream on maybe for a 1 bed house in some deprived area up north. https://www.gov.uk/government/news/uk-house-price-index-for-january-2020So go do your calculations again.


Incorrect I'm afraid I have 2 BTLs at 30 years

It's not 70k house it's a 70k mortgage which means you have already put down 40% deposit of the total

You are confused
SqueakyWalker17/05/2020 09:39

Of course. In my experience fee free BTL mortgages haven’t had competitive …Of course. In my experience fee free BTL mortgages haven’t had competitive enough rates. But for residential this is often the case. I’m sure there’s some logic behind this but no broker or provider has been able to give a convincing argument for it.


Maybe but I have found this in both residential and BTL mortgages yes I agree if you go through a broker it can work out even cheaper.

If you see my comment above with the workings out regarding this BTL with a fee and the one without the fee proves what I am trying to say
cliosport6517/05/2020 09:42

Incorrect I'm afraid I have 2 BTLs at 30 years Incorrect I'm afraid I have 2 BTLs at 30 years It's not 70k house it's a 70k mortgage which means you have already put down 40% deposit of the total You are confused


I know its 70k = 60% of overall value.

40778172.jpg
The top one is calculating 60% of the average house price UK. Go cruch your numbers again

The bottom calculates how much your btl is worth if you really did secure a 60%ltv mortgage.

So your calculations are not reflective for the aervage

I've not even started

You wanna talk intrest cover ratios or even top slicing ?
Edited by: "bagga212" 17th May
@cliosport65 out of interest which part of this wonderful is island do you live? And what sort of yield are you getting on a ~£115k BTL investment?
I’m just curious as to other BTLs experiences across the country.
SqueakyWalker17/05/2020 09:53

@cliosport65 out of interest which part of this wonderful is island do you …@cliosport65 out of interest which part of this wonderful is island do you live? And what sort of yield are you getting on a ~£115k BTL investment?I’m just curious as to other BTLs experiences across the country.


Ha ha ha
bagga21217/05/2020 09:48

I know its 70k = 60% of overall value.[Image] The top one is calculating …I know its 70k = 60% of overall value.[Image] The top one is calculating 60% of the average house price UK. Go cruch your numbers againThe bottom calculates how much your btl is worth if you really did secure a 60%ltv mortgage.So your calculations are not reflective for the aervage I've not even started You wanna talk intrest cover ratios or even top slicing ?


Your not going to win this one with me I'm afraid, I disagree and think you misunderstand what you are saying.

I have done the calculations for you on this one and the one without the fee and proves what I'm saying not you and you are still disagreeing.

If you want to pay a product fee feel free to I wouldn't for the reasons I have stated above.

Also the 70k illustration was what LBS was using not a figure I plucked out the sky
SqueakyWalker17/05/2020 09:53

@cliosport65 out of interest which part of this wonderful is island do you …@cliosport65 out of interest which part of this wonderful is island do you live? And what sort of yield are you getting on a ~£115k BTL investment?I’m just curious as to other BTLs experiences across the country.


£750 pcm on my 110000 investment South East
bagga21217/05/2020 09:53

Ha ha ha


Laugh all you like, I'm sitting pretty at the moment

And that's from doing my own maths
Edited by: "cliosport65" 17th May
Am going to leave this here anyone can work it out for themselves moneysavingexpert.com/mor…or/

Please remember to consider what else you get included with the mortgage deal

Free valuation
Free standard legals
ERC
Overpayments etc
Byeeeeeeeeee
Thanks. Always interesting to hear.
8% yield isn’t bad at present. 🏽
bagga21217/05/2020 09:59

Am going to leave this here anyone can work it out for themselves …Am going to leave this here anyone can work it out for themselves https://www.moneysavingexpert.com/mortgages/mortgage-rate-calculator/Please remember to consider what else you get included with the mortgage deal Free valuation Free standard legals ERCOverpayments etc


That's fine I will accept my apology later on I see you never commented to my calculations comment and how the other one worked out cheaper. Out of curiosity do you have a BTL mortgage?
SqueakyWalker17/05/2020 10:00

Thanks. Always interesting to hear. 8% yield isn’t bad at present. & …Thanks. Always interesting to hear. 8% yield isn’t bad at present. 🏽


although have to take each month at a time at the moment
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