Precise Mortgages cuts BTL rates

Jake Carter

September 21, 2021

cut rates

Precise Mortgages has reduced rates and fees within its buy-to-let (BTL) range across the full suite of personal ownership, HMO and limited company products.

The lender has also introduced products with refund of valuation and £500 cashback to help support the remortgage market.

Top slicing is available on all products, which enables customers to use surplus portfolio or earned disposable income to prove they can meet any financial stresses on a new loan application.

Notable products within its core and limited company range include the 75% loan-to-value (LTV) 2-year fix cut by 0.50% to 2.79%, with a 0.5% fee and the 75% LTV 5-year fix cut by 0.30% to 3.09%, with a 1.5% fee.

The lender has made reductions of up to 20bps for products with a fixed £3,995 fee for loan sizes between £300,000 and £750,000.

For HMOs and limited company, it has reduced the 75% LTV 5-year fix by 0.35% to 3.34%, with a 1.5% fee.

As well as this, for products with fixed £3,995 fee for loan sizes between £300,000 and £750,000, it has reduced rates by up to 25bps.

Adrian Moloney, group sales director for Precise Mortgages, said: “As the leading specialist lender in the market, we know that these rate reductions across our buy to let range can only mean great news for our broker partners.”

“We’re offering competitive pricing, reduced rates and affordability options, all backed up by our award winning sales teams who have the knowledge and expertise to help get cases over the line.

“It’s an absolutely winning combination especially as brokers know that they can rely on us for our straight forward criteria and upfront decision making.”

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