TMA Mortgage Club has launched a buy-to-let 3-year fix with Precise Mortgages at 3.65% to 75% loan-to-value with large portfolio limits.
The product is for landlords with up to 20 properties with a combined value of £5m with Precise, however there no limit on the size of portfolios with other lenders.
The product offers loans up to £500,000 and is exclusive to members of TMA Mortgage Club.
Richard Keen, head of key accounts at Precise Mortgages, said: “Following our successful launch into portfolio buy-to-let we are delighted to be working alongside TMA to further promote this proposition to the club’s members.
“The “heavy lifting” that we will manage will enable brokers to transition smoothly into this exciting area. This is a further example of how we look to support our key distribution partners with innovation and market leading products.”
Rob McCoy (pictured), senior product and business manager at TMA, added: “We are delighted to offer our members access to a new buy-to-let product from Precise Mortgages, following the introduction of the new PRA changes.
“We expect the deal to be very popular with our members and look forward to working with Precise Mortgages in the future.”
Despite the recent regulatory changes to the BTL market, Precise Mortgages’ criteria has remained unchanged.