Covering Residential Mortgages, BTL, Secured Loans and Bridging Finance; all of the Precise Mortgage products are available via our specialist packaged team and our direct to lender mortgage club.
Buy to let product withdrawals
We’re withdrawing our existing range of buy to let products. A new buy to let range of products will be available on our website from 9am on Wednesday 7 June.
In addition, we’re temporarily withdrawing all refurbishment buy to let products.
To secure a product from our current range you must fully submit your applications by 5pm today, Tuesday 6 June.
To discuss our range, speak with your business development manager, call our dedicated support team on 0800 116 4385 or contact us using Live Chat.
NEW BTL 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!
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.
If you have any questions regarding the above, please do not hesitate to contact your corporate account manager, or your local BDM.