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The battle between buy-to-let mortgage lenders has intensified, with Leeds Building Society offering a mortgage rate that undercuts even the cheapest residential deals.

Aaron Strutt of Trinity Financial, a mortgage broker, told The Telegraph: “It is highly unusual for buy-to-let rates to match or even undercut the lowest residential mortgages and it shows how hard the lenders are pushing to tempt landlords to buy properties or refinance."

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