Precise Mortgages will be launching a NEW Buy to Let range of products. This range will have rates starting from 5.09% and is available to landlords looking to purchase or remortgage properties up to 80% LTV.
Highlights of the new Buy to Let range include:
- New 2 and 5 year fixed rates for purchase and remortgages including debt consolidation
- Non-owner occupiers considered (not available to First Time Buyers)
- Properties next door considered
- Inter-company loans acceptable as are newly formed SPVs
- Available to HMOs and Multi Units up to 6 beds – including student lets
- Top slicing available from 110% ICR (Purchase only)
- Wimpey no fines & Laing Easiform construction now considered
- Let to buy (simultaneous completion) and Let to Live (ability to let whilst moved in with partner, the BTL needs to have been rented out for minimum 3 months to consider)
Suitable for: First time landlords, existing landlords looking to purchase as well as remortgage including raising cash to purchase additional properties, debt consolidation and property improvements!
I hope that you’ll agree that these Buy to Let products assist landlords that continue to face affordability challenges with ICRs from 110% where top slicing is being used and assessments rates from 5.49%, which could make all the difference for your landlord customers when combined with our specialist underwriting solutions.
As always, we would really appreciate your support in promoting these products and if there is anything at all you need from a marketing perspective, please let Danielle or myself know and we’ll be happy to work with you on this.
If you have any questions regarding the above, please do not hesitate to contact your corporate account manager, or your local BDM.