Precise Mortgages reduce Buy to Let rates and improve range

Precise Mortgages have reduced their Buy to Let mortgage interest rates and increased the range of products to give landlords more choice.

5 year fixed products starting at 4.39% with a 2% lenders fee and a reversion rate on all 5 year fixed products of only 4.09%

2 year Tracker rates from 3.49% and Lifetime tracker rates starting at 3.85%

Key product features:

• Up to 80% Loan to value
• lifetime trackers with rental calculation at 125% of pay rate
• pensions as income and withdrawals as a deposit accepted
• no minimum income requirements on properties under £1million

The range is available for:

• first time landlords
• experienced or retired landlords looking to extend their portfolio
• self-employed landlords
• landlords with high quality properties with a low rental yield

Their “Bridge to Let” facility is an ideal solution for property investors looking to complete the next project before renting out the property.

There are reduce fees with a 0% facility fee bridge, coupled with a 0% product fee buy to let mortgage. You can choose to apply for the buy to let mortgage at the same time as the bridge or post refurbishment works. Also withdraw capital on the completed project, allowing you to invest in the next project.

CLICK HERE to see the full range and all Lenders Buy to Let with our mortgage sourcing calculator

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