Precise Mortgages has made changes to its buy-to-let product range.
HMO rates are being reduced by up to 0.60 percentage points. while limited company buy-to-let rates have been but by up to 0.55 percentage points.
In addition, a new two-year fixed rate at 2.79% with a 1.50% product fee is available via Legal & General and Sesame Bankhall Group.
Core range pricing and fixed rate end dates have been refreshed.
Alan Cleary (pictured), managing director of Precise Mortgages, said: “Traditionally the summer months can see business levels soften but we want to increase our market share and have positioned our new buy-to-let range to achieve that objective.”
Jane Benjamin, head of relationship management at Sesame Bankhall Group, added: “These new products should be attractive to landlords who are struggling to get a buy-to-let mortgage from high street lenders.
“At a time when many landlords are uncertain about how the recent tax changes will impact on them, as well as not knowing when the next interest rate change is likely to occur, the stability of a fixed rate, coupled with the lower product fee will make these products attractive to a wider range of customers.”
