Tag: Precise Mortgages
The proposition is suitable for a wide range of landlords, including personal, limited company and HMO applicants, and offers ICR options to help with affordability.
He estimated that more than half of buy-to-let lenders, including NatWest and Santander, prohibit landlords from letting to tenants on benefits in their mortgage terms.
The conference includes a panellist debate, presentations and roundtable discussions from more than 20 specialist lenders, while it features international keynote speaker Mark Rhodes.
A specialist lending panel at FSE London has urged intermediaries to stay clear of buy-to-let tax advice to avoid being involved in the next potential mis-selling scandal
Precise lent £2.4bn in 2017, up from £2bn in 2016, making it the UK’s biggest specialist lender.
The Precise Mortgages second charge products offer up to 85% LTV and are available as a two-year tracker, or alternatively as a 2-year or 5-year fixed rate term.
Chris Parr will leave Precise Mortgages to join Tuscan Capital as national sales manager, covering the north of England.
The exclusive products are up to 0.20% cheaper than the lender’s core Help to Buy range and available up to 75% LTV, with 2-year fixed rates from 3.99% and 5-year fixed rates from 4.14%.
Nearly two out of five (38%) landlords will use limited companies to buy properties over the next year compared to 28% as individuals, highlighting the continuing rise of the professional landlord.