TMA Club and PRIMIS Mortgage Network have announced the launch of an exclusive two-year fixed rate mortgage product with the Leeds Building Society.

The new product will be available immediately to TMA and PRIMIS’ advisers.

As part of the exclusive deal, TMA and PRIMIS advisers will have access to a rate of 1.54%, fixed for two years until 30 June 2022.

Following the initial fixed period, borrowers will have an SVR of 1.25% until 30 June 2025, discounted from 4.44%.

The product also comes with up to 80% LTV and a maximum loan value of £750,000.

Available for both purchase and remortgage applications, advisers’ customers will also benefit from a fee-free valuation. There is a product fee of £999, 10% penalty fee capital over-repayments are permitted every year and includes Fees Assisted Legal for remortgages.

Lisa Martin, development director at TMA, said: “At TMA we look for lenders who take a forward-thinking approach to lending and Leeds Building Society does just that. This exclusive deal means we can reward a growing number of intermediaries with a market-leading lending solution to enhance their proposition and grow their client portfolios.

“This product is testament to TMA’s continued commitment to providing our advisers with products that are the best of their kind- and I’m sure this new addition will be met with great interest by our advisers.”

Martese Carton, head of intermediary distribution at the Leeds Building Society, added: “We are delighted to be working with TMA and PRIMIS to provide their advisers with access to this exclusive product. We are always looking for ways to drive the market forward with innovative products to give brokers and their clients more affordable lending solutions.

“We look forward to working directly with the TMA and PRIMIS to support more advisers and their customers with their lending searches.”