Mortgage News
Precise Mortgages and Coventry launch buy-to-let products
Precise Mortgages has launched two prime buy-to-let products at 80% loan-to-value (LTV) while Coventry has focused on landlords with larger deposits releasing products up to 65% LTV.
At 80% LTV Precise is offering 3.5% on a two-year tracker with a 2.5% fee, 3.95% with a free of 2% and 4.15% with carries a fee of 2.15%.
A two-year fixed rate product, with a range of fee options, is available at 4.09% with a fee of 2.5%.
Alan Cleary, managing director for Precise Mortgages, said: “We hope that these products help mortgage intermediaries do more business over the traditionally slower holiday period.”
Coventry Building Society is offering a 2.55% term variable rate at 65% LTV and a two-year fixed rate of 2.75%. Both products are part of Coventry’s Flexx range and carry a £250 booking fee and a £1,749 arrangement fee.
Colin Franklin, managing director of Godiva Mortgages, said: “These new products underline the strength of Coventry Intermediaries buy-to-let range.”
What mortgage and protection advisers should take from the FCA’s AI stance
Sponsored by Sesame Bankhall Group