TBMC has launched a new exclusive buy-to-let mortgage with Leeds Building Society.

The deal, which is available up to 80% LTV, has an initial rate of 4.99% fixed until 28/02/2015 with a flat completion fee.

There is a free valuation up to £335 for purchases and remortgages, and free legals for remortgages only.

“The buy-to-let mortgage market has performed well so far in 2012 and Leeds has competed successfully with its buy-to-let proposition,” said Parveen Kumari, intermediary account manager at Leeds Building Society.

“We have been targeting specific segments of the market by distributing certain products through specialist buy-to-let broker, TBMC. Our previous 80% LTV exclusive with TBMC has sold well and we are expecting this re-designed version, also with a free valuation, to be popular too.”

Andy Young, chief executive at TBMC, said: “This is an excellent new buy-to-let exclusive available up to 80% 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.”