TBMC is now offering a new exclusive buy-to-let mortgage with Leeds Building Society.
It is priced at 4.79%, fixed for two years and is available up to 80% LTV.
The deal comes with a 3.50% completion fee and a free valuation up to £335.
“The product is keenly priced for those looking at a higher geared property investment and fixed monthly costs,” said Andy Young (pictured), chief executive at TBMC. “The free valuation also makes it particularly attractive.
“We already have a 70% LTV exclusive with Leeds which has driven significant levels of buy-to-let applications and we are expecting this new addition to the product range to be equally popular amongst our brokers and their landlord clients.”
Parveen Kumari, intermediary account manager at Leeds Building Society, added: “We have been working with TBMC for some time now to help generate new buy-to-let mortgage applications. They have successfully introduced good levels of business with their existing 70% LTV exclusive with us and always provide high quality applications.
“We are continually looking to develop our buy-to-let product range to compete in this dynamic market and to meet the needs of landlords. We have designed this two-year fixed rate specifically to standout in the 80% LTV bracket and expect it to sell well.”