Precise cuts buy-to-let rates
In terms of other products 2-year trackers start at 3.49% while 2-year fixes start at 3.99%.
Alan Cleary, managing director of Precise Mortgages, said: “We estimate the size of the buy to let market to be in the region of £30bn in 2015, of which 50% will be remortgages. In order to support landlords, who are left underserved by the high street, we continue to make changes to our buy to let range.
“Not only have we reduced our buy to let mortgage rates, we’ve also reduced the revert rate on our buy-to-let 5-year fixed rate product. This coupled with our 125% rental coverage calculation means we can help buy-to-let landlords raise the funds they need.”