Precise Mortgages has launched a limited edition range of buy-to-let exclusives.
New deals include the follow:
- Lifetime tracker rate reduced by 0.26 percentage points to 3.49% p.a. and product fee changed from 2.5% to £2495. The average saving for customers on this product could be in excess of £5000 when compared to the lender’s core range, Precise claimed.
- Five-year fixed rate reduced by 0.40 percentage points to 3.99%, low revert rate of 4.10% pa and product fee changed from 2% to £1995.
- Two-year fixed rate reduced by 0.30 percentage points to 3.69% pa and product fee changed from 2% to £1995.
- Two-year tracker rate reduced by 0.11 percentage points to 3.39% and product fee changed from 2% to £1995.
Alan Cleary, managing director of Precise Mortgages said: “The buy-to-let market is very competitive at the moment and these products will give significant savings to landlords. The introduction of a fixed product fee will also give mortgage intermediaries more choice especially for larger loans. Whilst these products are expected to be withdrawn by Christmas the change to the maximum tenancy term is permanent.”
