TBMC, the buy-to-let and commercial mortgage specialist, has launched two new exclusive buy-to-let mortgage products with Leeds Building Society.
The products include a market-leading two-year 3.75% discounted rate available for up to 70% LTV, and a two-year 4.95% discounted rate for remortgages with free valuation, free in-house legal services and no completion fee.
Andy Young, chief executive at TBMC, says: ‘We are delighted to launch these highly competitive exclusive buy-to-let products with Leeds Building Society.
“The 3.75% discounted rate is a market-leader in the two year, 70% LTV bracket and should prove very popular with brokers and their landlord clients. At TBMC we have recently seen an increase in buy-to-let remortgage applications and expect the 4.95% remortgage product to be appealing for existing landlords looking for a new deal.”
Young says Leeds Building Society is looking to increase its lending levels in 2011.
He adds: “By utilising TBMC’s buy-to-let expertise, Leeds can be confident of receiving high standard applications and effectively managing its business volumes.”
Philip Coombes, head of intermediary Sales at Leeds Building Society, says: “TBMC’s knowledge and experience of the buy-to-let market are highly regarded in the intermediary market and we expect our partnership to be a success, delivering good quality new business.”