Leading mortgage distributor 3mc has today launched an exclusive buy-to-let mortgage deal funded by Precise Mortgages, targeting houses in multiple occupation (HMOs), including limited company buy-to-lets.
The deal, which is also available through 3mc’s network partners Home Loan Partnership, The Right Mortgage and Protection Network, Sesame, Stonebridge Network and to directly authorised members of the PMS Mortgage Club, has the following features:
Rate: 3.89% fixed for 2-years until 31/10/2018
Availability: HMOs, including limited company BTLs.
Max LTV: 75%
Arrangement fee: £1,495
ERC: 3% until 31/10/2017, 2% until 31/10/2018
Revert Rate: LIBOR + 4.42% (5%)
Doug Hall, Director of 3mc, said: “Both HMOs and limited company BTLs have become increasingly popular as investors seek higher returns. I’m therefore delighted to be announcing this excellent deal today.”
Alan Cleary, Managing Director of Precise Mortgages, said: “3mc has a detailed understanding of the needs of professional property investors and is therefore an ideal partner to market this specialist mortgage deal. This is an ideal time for borrowers to lock into today’s low rates and I’m sure this 2 year fix will prove to be very popular.”
Brokers can get further information about all the products and service available from 3mc by going to: www.3-mc.com or by phoning 0161 962 7800.