Precise Mortgages has launched two buy-to-let fixed rate products exclusively through Buy to Let Club, available for purchase and remortgage and can be applied for in both personal name or as a limited company.
There’s a 5-year product is fixed at 3.45% with a product fee of 1.50% at 75% LTV, is stressed at 3.45% and offers a maximum loan of £3m(LTV limits apply). Early repayment charges are 4% in the first two years, followed by 3% for years three and four, then 2% in year five.
There’s also a 2-year buy-to-let product fixed at 2.29% at 75% LTV with a product fee of 2.50% with the maximum loan size of £3m and early repayment charges of 4% in the first year and 3% in the second.
Ying Tan, Buy to Let Club’s managing director, said: “We are delighted to be able to offer our members these exclusive products.
“No one else is able to offer more competitive products with Precise, so we fully expect these exclusives to be a popular choice.”
“Limited company rates remain in high demand as landlords look at ways to mitigate the tax relief changes that came into effect last year, so the fact that both the 2 and 5-year products are available for limited company applications as well as individuals makes them an attractive proposition.”
Alan Cleary, managing director of Precise Mortgages added: “As Ying says our businesses work closely together to bring out great products that we believe will be attractive to intermediaries and their customers.”