By using this website, you agree to our use of cookies to enhance your experience.


TBMC and Precise team up to launch buy-to-let refurbishment product

TBMC has joined forces with Precise Mortgages to pilot a new buy-to-let refurbishment product.

The product includes initial bridging finance up to 75% loan-to-value (LTV) with rates from 0.49% per month, followed by a guaranteed exit onto a buy-to-let mortgage up to 80% LTV with rates from 2.89%.

Jane Simpson, managing director of TBMC, said: “Launching a new refurbishment product with Precise Mortgages is fantastic news for the buy-to-let mortgage market as this niche area has been woefully underserved in recent years, so it will really plug a gap.”


“The product offers an excellent opportunity for buy-to-let investors, especially those who are looking to carry out works to meet minimum EPC ratings; purchase at auction and carry out light refurbishments before letting; make improvements to maximise rental yields; or purchase properties under valuation.

“We are expecting this to generate a lot of interest over the coming months and it should provide additional revenues for intermediaries in the buy-to-let market.”

Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.

Poll: Does the idea of a buy-to-let refurbishment mortgage product appeal to you?



Please login to comment

MovePal MovePal MovePal
sign up