PRECISE: Launch 6 new BTL limited edition products

Following on from our recent relaunch of Refurbishment Buy to Let I鈥檓 delighted to announce that as of today we have聽6 new limited edition Buy to Let Mortgage products, aka. our Winter Warmers, launching. The products have been designed to provide a 聽competitive solution for brokers to offer landlords.

 

I鈥檝e included an attachment that confirms the full product details for you, as we all as a short summary of the new products below, all of which are available for both purchase and remortgage and offer solutions for different structures of ownership as well as providing the option of fixed rate products and support for larger loans.

 

Limited Company products

路聽聽聽聽聽聽聽聽聽Market-leading reduced rate of 3.39%

路聽聽聽聽聽聽聽聽 5 year fixed rate (3.39% assessment rate)

路聽聽聽聽聽聽聽聽 Loans available up to 拢750k up to 75% LTV (拢3m at 60% LTV)

Personal Ownership products

路聽聽聽聽聽聽聽聽聽Flat fee of just 拢3,995

路聽聽聽聽聽聽聽聽 5 year fixed rate (3.59% assessment rate)

路聽聽聽聽聽聽聽聽 Loans available up to 拢750k

路聽聽聽聽聽聽聽聽 Maximum 75% LTV

HMO/Limited Company HMO products

路聽聽聽聽聽聽聽聽聽Flat fee of just 拢2,995 (2 year fixed) or 拢3,995 (5 year fixed)

路聽聽聽聽聽聽聽聽 2 and 5 year fixed rate options up to 75% LTV

路聽聽聽聽聽聽聽聽 Borrow between 拢40k and 拢750k (2 year fixed)

路聽聽聽聽聽聽聽聽 拢300k and 拢750k (5 year fixed)

 

These products are supported by the criteria you would expect from Precise Mortgages that includes:

 

Highlights of our ranges includes:

>. Personal or Limited Company ownership structures accepted

>. FTB FT Landlords, First Time Landlords, accidental and Portfolio landlords – all welcome

>. Bespoke ICRs available

>. Inter-company loans considered

>. Minimum age 21 years 鈥 Maximum age 80 at the date of application (maximum term of 35 years)

>. Up to 20 loans with Precise Mortgages to a maximum exposure of 拢10m. No portfolio limit with other lenders

>. HMOs up to 6 beds, including student lets and MUBs with up to 6 units

Please see below the new guides

BTL Guide

Winter Warmers

I鈥檓 sure that you鈥檒l agree that these will be made very welcome by your clients and show our continued commitment to supporting the market during the times we find ourselves in.