TMBC launch buy-to-let exclusives

The products include a market-leading two year 3.75% discounted rate available for up to 70% loan-to value, 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% loan-to-value 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.

"We are pleased to be working with Leeds Building Society, an established buy-to-let lender looking to increase its lending levels in 2011. 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:

"We are delighted to be working with TBMC to distribute these two new, and highly competitive, buy-to-let mortgage products. 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."