Precise re-launch buy-to-let range
The specialist lender has improved its 80% loan to value rates which now start at 4.24%. It has also reduced its reversion rates to 5% from 5.50% and increased the maximum number of buy-to-let loans per borrower to five.
Alan Cleary, managing director of Precise Mortgages, said: “We will be making several improvements to our buy-to-let product range over the coming weeks as we hope to attract more business from brokers.
“The 80% loan to value product is particularly competitive and the changes to the reversion rate will make it easier to place cases with us.”
Dave Copland, director of mortgage services at LSL Property Services, added: “There is a shortage of 80% LTV BTL deals at the moment so this product should be well received.”