Precise launches two exclusive products with Buy to Let Club

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  • 02/08/2018
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Precise launches two exclusive products with Buy to Let Club
Precise Mortgages has launched two buy to let fixed rate products through Buy to Let Club, available for limited company applications and individuals.

 

The five-year product is fixed at 3.45% with a product fee of 1.50%. It is available at up to 75% loan to value (LTV) and offers a maximum loan of £3m. In the first two years, early repayments are 4%, reduced to 3% for the third and the fourth year, then 2% in the last one.

The two-year product is fixed at 2.29% with a product fee of 2.50%. This is also available up to 75% LTV with a maximum loan of £3m. It has early repayment charges of 4% in the first year and 3% in the second one.

Buy to Let Club managing director Ying Tan said: “We are delighted to be able to offer our members these exclusive products.

“Limited company rates remain in high demand as landlords look at ways to mitigate the tax relief changes that came into effect last year, so the fact that both the two- and five-year products are available for limited company applications as well as individuals makes them an attractive proposition.”

Alan Cleary, managing director of Precise Mortgages (pictured), said: “As Ying says our business work closely together to bring out great products that we believe will be attractive to intermediaries and their customers.”

 

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