Precise Mortgages has launched two new buy-to-let fixed rate products exclusively through Buy to Let Club.
The exclusive five-year product is fixed at 3.45% with a product fee of 1.50%.
It is available up to 75% LTV, is stressed at 3.45% and offers a maximum loan of £3,000,000 (LTV limits apply). Early repayment charges are 4% in the first two years, followed by 3% for years 3 and 4, then 2% in year 5.
Buy to Let Club members can also access an exclusive two-year buy-to-let product fixed at 2.29% with a product fee of 2.50%. This is also available up to 75% LTV and has early repayment charges of 4% in the first year and 3% in the second. The maximum loan is £3,000,000 depending upon the LTV.
Both products are available for purchase or remortgage and can be applied for in both personal name or as a limited company.
“We are delighted to be able to offer our members these exclusive products,” says Buy to Let Club’s managing director Ying Tan.
“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 two and five-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.”