Precise Mortgages has launched four exclusive buy-to-let products with rates starting from 4.44% for selected postcodes in the south.
Two-year trackers at 75% LTV start from 4.44%, while two-year Fixed rates at 75% LTV with rates from 4.54%.
The maximum loan size has increased to £1 million. The rental calculation has changed to 125% of pay rate or 5% whichever is the higher.
Precise Mortgages will refund the valuation on selected products and there are no minimum income requirements.
The core range of buy-to-let products which have no postcode restrictions in England and Wales will be re-launched in the coming weeks.
“As the demand for our Buy to Let products increases, we are adding more products to the shelves to give brokers and borrowers more options,” said Alan Cleary, managing director of Precise Mortgages.
“Our up and down cascading approach finds the cheapest product for the borrower’s circumstances meaning that if a borrower fails to qualify for the product applied for it doesn’t necessarily mean they will be declined.”