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Precise Mortgages cuts BTL range

Jake Carter

September 23, 2020

UK houses

Precise Mortgages has reduced rates to products within its buy-to-let range by up to 0.40%.

The lender has also launched offerings within its Help to Buy remortgage range.

Looking to the lenders BTL products, the 2-year fix BTL and limited company BTL mortgages are now set at 3.14%, and the 2-year fix HMO and limited company HMO deals are at 3.44%.

In addition, the 5-year fix BTL and limited company BTL offerings are set at 3.49%, and the 5-year fix HMO and limited company HMO mortgages are at 3.74%.

The products are all available for both purchase and remortgage.

Meanwhile, the lender has introduced a 2-year fix at 4.24% and a 5-year fix at 4.34%, within its HTB remortgage range.

This range is available to those with less than perfect credit profiles with features including no product fee and a refund of valuation fee.

Doug Hall, director at 3mc, said: “It is fantastic to see this new range from Precise Mortgages, which is a real show of intent to help us support the broker community and customers alike, combined with their consistent and speedy servicing of cases throughout this year, which is excellent in the current market.”

Adrian Moloney, group sales director at OneSavings Bank, said: “It is vital that we support the market in these challenging times, and we believe these rate reductions across our range of BTL Mortgages will help brokers in placing more of their customers’ cases.

“As one of the first specialist lenders to enter the HTB market, we remain as committed to the scheme as we always have been, and our new HTB remortgage products will help more first-time buyers meet their aspirations of becoming established homeowners.”


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