TMA Club and PRIMIS Mortgage Network have announced the launch of an exclusive two-year fixed rate mortgage product with Leeds Building Society.
The new product will be available immediately to TMA and PRIMIS advisers, and as part of the deal, advisers will have access to a market rate of 1.54% – fixed for two years until 30 June 2022.
TMA added that after the initial fixed period, borrowers will benefit from an SVR of 1.25% until 30 June 2025, discounted from 4.44%.
“We look for lenders who take a forward-thinking approach to lending and Leeds Building Society does just that,” TMA development director, Lisa Martin, said. “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.”
The product, which will come with up to 80% LTV and a maximum loan value of £750,000, will be available for both purchase and remortgage applications, and advisers’ customers will also benefit from a fee-free valuation.
“Our top priority is supporting and investing in our brokers to champion the services they provide to their customers,” commented PRIMIS proposition director, Vikki Jefferies.
“By offering an exclusive product through Leeds Building Society, we are able to give our advisers access to more top-quality lending solutions to cater for their diverse client bases. This latest deal is just one of many we hope to offer our advisers this year as we continue to grow and enhance our proposition.”
The launch of the latest deal comes as both TMA and PRIMIS, part of the LSL Group, continue their commitment to supporting advisers with competitive propositions.
Leeds Building Society head of intermediary distribution, Martese Carton, 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.”
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