Precise Mortgages has launched a new five-year fixed rate buy-to-let range with reduced rates and product fees.
The new limited-edition products are available at 3.49% with a 1.5% product fee and 3.59% with a 1% product fee on LTVs of up to 75%.
They are available to landlords applying as individuals or through limited companies and on portfolios comprising houses in multiple occupation (HMOs).
Research for the specialist lender shows the highest yields across all types of property are currently available on HMO at 7.1% but that yields vary across the country with landlords in the North West achieving an average 6.7% compared with 4.8% in Central London where property values tend to be higher.
Alan Cleary (pictured), managing director of Precise Mortgages, said: “There is increasing demand for products targeted to address particular issues faced by brokers and landlords which is a major part of our role as a specialist lender as the new range demonstrates.”
