There is free valuation up to £335 for purchases and remortgages, and free legals for remortgages only. There is a £199 booking fee.
Andy Young, chief executive officer at TBMC, said: “We are delighted to launch a new exclusive buy-to-let mortgage with Leeds Building Society. The product is extremely competitive in the 70% loan to value bracket and will be particularly attractive to brokers and their landlord clients looking for a ‘no fees’ scheme.
“The free valuation and free legals package make this an excellent deal and we are expecting it to be very popular in the marketplace.”
Phil Coombes, head of intermediary sales at Leeds, added: “The buy-to-let sector continues to show signs of improvement and presents good opportunities for landlords looking to develop their investment property portfolios.
“At Leeds, we are continuing to develop our buy-to-let mortgage proposition to meet the current needs of residential property investors. We have chosen TBMC, an experienced buy-to-let specialist, to distribute this great new product in order to manage the quality and quantity of new applications.”
