Following on from our recent relaunch of Refurbishment Buy to Let I’m delighted to announce that as of today we have 6 new limited edition Buy to Let Mortgage products, aka. our Winter Warmers, launching. The products have been designed to provide a competitive solution for brokers to offer landlords.
I’ve 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
· Market-leading reduced rate of 3.39%
· 5 year fixed rate (3.39% assessment rate)
· Loans available up to £750k up to 75% LTV (£3m at 60% LTV)
Personal Ownership products
· Flat fee of just £3,995
· 5 year fixed rate (3.59% assessment rate)
· Loans available up to £750k
· Maximum 75% LTV
HMO/Limited Company HMO products
· Flat fee of just £2,995 (2 year fixed) or £3,995 (5 year fixed)
· 2 and 5 year fixed rate options up to 75% LTV
· Borrow between £40k and £750k (2 year fixed)
· £300k and £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 – 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 £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
I’m sure that you’ll 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.