Limited edition BTL range launched by Precise

A new limited edition five-year fixed rate buy-to-let range with reduced rates and product fees has been launched by Precise Mortgages.

The new products, which are available to landlords applying as individuals or through limited companies and on portfolios comprising houses in multiple occupation, are available at 3.49% with a 1.5% product fee and 3.59% with a 1% product fee on a loan-to-value of up to 75%.

Precise believe that the five-year fixed rate deals will primarily appeal to landlords with low yield and high value properties above £300,000 as it will help them secure the loan size they want with the assessment rate based on the pay rate.

Alan Cleary, managing director of Precise Mortgages, said: “There is increasing demand for products targeted to address particular issues faced by brokers and landlords which is a major part of our role as a specialist lender as the new range demonstrates.”

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