Paradigm Mortgages Services is one of two distributors of a semi-exclusive buy-to-let product from Precise Mortgages.
The product is a 2.89% 2-year fix at 75% loan-to-value, which is 0.2% cheaper than Precise’s standard product.
John Coffield, head of Paradigm Mortgage Services, said: “Our close relationship with lenders allows us to secure access to market-leading products on both an exclusive and semi-exclusive basis, so we are pleased to be able to offer this Precise Mortgages deal to our member firms.
“It comes with a very competitive rate and fee – both reduced from the lender’s standard offering – and should stack up well for advisers looking for a quality deal.
“As mentioned, it will only be available for a limited time so Paradigm members are advised to act quickly if they believe this deal is suitable for their landlord clients.”
Alan Cleary, managing director of Precise Mortgages, said: “This new buy-to-let product will help provide an alternative choice for customers who are looking to benefit from lower up-front costs and monthly repayments.
“We’re pleased to support Paradigm in offering this shared exclusive and are confident it will be well received by its advisers and customers alike.”