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Precise Mortgages reintroduces higher LTVs and launches larger loans

Jessica Bird

July 23, 2021

adrian moloney precise

Specialist lender Precise Mortgages has reintroduced higher limits on loan-to-values (LTVs) on its buy-to-let (BTL) mortgages and launched two larger loan products.

The lender has reintroduced a maximum 80% LTV limit across a new range of 2 and 5-year fixed rate mortgages, which also features fixed rates from 3.79%, a 2% product fee, and a refund of valuation fees to a maximum of £630.

In addition, Precise Mortgages has launched two limited edition 5-year fixed rate BTL mortgages aimed at customers looking for larger loan sizes.

Key highlights of the new limited edition range include a 3.34% fixed rate, a £1,995 product fee for loans between £200,000 and £500,000, and 0.5% product fee for loans between £500,00 and £1m.

Precise Mortgages’ BTL range features a top slicing option on all eligible personal ownership, limited company, portfolio and house in multiple occupation (HMO) applications.

This enables customers to use surplus portfolio or earned disposable income to prove they can meet any financial stresses on a new loan application, rather than through the rental income of the property alone.

The lender also allows landlords to have up to 20 BTL mortgages to a combined value of £10m.

The announcement comes a week after Precise Mortgages said it was increasing LTVs up to 85% across its residential mortgage range and reintroducing adverse credit criteria.

Adrian Moloney (pictured), group sales director at Precise Mortgages, said: “As a leading specialist lender, we’re pleased to reintroduce up to 80% buy LTV limits which are designed to offer increased product choice for landlords.

“We’re also pleased to be able to support the larger loan market by offering landlords a choice between a fixed fee product for loans up to £500,000, which may appeal to those with a limited company set-up, or a low percentage fee product for loans up to £1m.”


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