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 including limited edition winter warmer products
We’re launching a new buy to let range on Wednesday 27 January 2021.
To secure a product from our current range, you must fully submit your applications before 8pm Tuesday 26 January 2021.
The new range of products will be available on our website from 9am Wednesday 27 January 2021.
Speak with your business development manager if you have any questions, or call our dedicated support team on 0800 116 4385.
Please note our existing Residential Mortgages range will remain unchanged at this time.
NEW lower rates and fees across our buy to let range
Following on from the withdrawal notification I issued yesterday afternoon I am delighted to be able to furnish you with details of Precise Mortgages brand new improved range of Buy to Let Mortgages, where we have lowered our rates to provide big opportunities for our brokers!
Key highlights of the change include:
- Reduced rates and fees across the full Buy to Let range (including limited company, HMOs and limited company HMO)
We’ve significantly reduced our rates and fees across our 2 year fixed offering with rates starting from:
- 2.79% with 1.5% fee (core and limited company)
- 2.89% with 1.5% fee (HMO and limited company HMO – includes multi-units)
Our 5 year fixed rates now feature greater choice for customers with options of fixed fee products as well as reduced rate/reduced fee options:
- rates from 3.39% with percentage and fixed fee options (core and limited company)
- 3.59% with percentage and fixed fee options (HMO and limited company HMO – includes multi-units)
As you will see, we have also taken this opportunity to move some of our Limited Editions Winter Warmers into the main range, whilst also replacing some of the products with even more competitive options! Full product information is included in the attached product grid.
These new and reduced rates are supported by the criteria that you have come to expect from Precise Mortgages, and why our products and criteria could be just the borrowing solutions that customers need:
- 5 year fixed products – affordability assessed at pay rate
- Portfolio landlords – up to 20 properties to a total value of £10m with Precise Mortgages, unlimited with other lenders
- Limited company landlords – no limit on director dependant shareholders under age of 21