Complex Buy To Let
TMA adds exclusive Precise BTL product
TMA Mortgage Club (TMA) has launched an exclusive three-year fixed rate buy-to-let portfolio product with Precise Mortgages for members of its mortgage club.
The deal is available for landlords with up to twenty properties with a combined value of £5m with Precise, but allows unlimited borrowing elsewhere.
The product is at 3.65% for up to 75% loan to value with a maximum loan of £500,000, and is available to individual and limited company landlords for both purchase and remortgage.
TMA senior product and business manager Rob McCoy (pictured) said the club was delighted to be working with Precise for the offer.
“Not only is the deal competitively priced, but Precise Mortgages also offers portfolio limits higher than most other lenders, giving our members exclusive access to another strong product to offer their landlord clients.
“We expect the deal to be very popular with our members and look forward to working with Precise Mortgages in the future,” he added.
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Precise Mortgages head of key accounts Richard Keen said: “Following our successful launch into portfolio buy-to-let we are delighted to be working alongside TMA to further promote this proposition to the club’s members.
“The heavy-lifting that we will manage will enable brokers to transition smoothly into this exciting area.”