3mc launches Precise BTLs
Other products lifetime trackers stand at 3.65% and 3.75% to 70% LTV and 75% LTV, while borrowers wanting a 2-year fix can take out a product at 3.69% to 75% LTV.
Doug Hall, director of 3mc, said: “This range of exclusive products not only offers excellent value for money but, with a starting rate of just 3.4% for loans up 65% LTV, also one of the lowest ever stress test calculators that 3mc has been able to offer since we launched in 1996.
“The 3.4% deal will be particularly attractive for investors wanting to finance lower yielding properties, whilst the other products will hold appeal for landlords wanting to finance higher LTV deals.”
Rental calculations will be based on 125% of pay rate while clients can borrow between £150,000 and £3m to 65% LTV or £2m to 75% LTV.
Alan Cleary, managing director of Precise Mortgages, added: “We’re delighted to be marketing this range of buy-to-let mortgages exclusively via 3mc.
“Applications can be submitted either direct to Precise with 3mc specified as the payment route or, alternatively, 3mc will provide a full packaging service.”