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TBMC launches 4.99% BTL exclusive with Leeds Building Society

TBMC is launching a buy-to-let exclusive with Leeds Building Society with an initial rate of 4.99 per cent, fixed until 28 February 2015, up to 80 per cent LTV.

The offer comes with a free valuation up to £335 for purchases and remortgages and free legals for remortgages only.

TBMC chief executive Andy Young says: “This is an excellent new buy-to-let exclusive available up to 80 per cent LTV and is a great choice for landlord clients who want a higher-geared investment. It is also an excellent remortgage product, especially for those looking to release equity from existing properties. With high rental yields and strong tenant demand, it could be a good time for landlords to consider expanding their portfolios with further buy-to-let properties.

Leeds Building Society intermediary account manager Parveen Kumari says: “The buy-to-let mortgage market has performed well so far in 2012 and Leeds has competed successfully with its buy-to-let proposition. We have been targeting specific segments of the market by distributing certain products through specialist buy-to-let broker, TBMC. Our previous 80 per cent LTV exclusive with TBMC has sold well as we are expecting this redesigned version, also with a free valuation, to be popular too.

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