The products team have been working hard on producing some new and exciting limited edition products for Precise Mortgages and as a result we are delighted to advise that we’ve added new products to the Precise Mortgages Buy to Let range. These products sit alongside the current products – there are no product withdrawals.
As you will know, on 23rd July we added Core and Ltd Company limited edition 75% LTV 5-year products (from £200k upwards) and moved to 80% LTV across the range. This has created positive momentum and we are now looking to build on that with these limited edition 2-yr fixed products from 2.79%.
New product highlights:
- Limited edition – priced more competitively than the standard products (e.g. a 50bps reduction in fee)
- Core and Ltd Company 2-yr fixed rates up to 75% LTV
- Lending up to £3 million per individual property (LTV restrictions apply)
- Separate fee options to suit different customer needs (both available in Core & Ltd Co)
- Option 1 – 2.79% 2-yr fixed with fixed 1% fee (from £75k as per standard)
- Option 2 – 3.29% 2-yr fixed with £0 fee (available from £75k to £500k)
And of course, these products and the full PM BTL range is supported by top slicing – allowing customers to optimise their loan size in a way that is not commonly available in the market.
