Precise Mortgage has reintroduced higher loan-to-value (LTV) limits on its buy-to-let mortgages and launched two new larger loan products.
The lender has reintroduced a maximum 80% LTV limit across a new range of two and five-year fixed rate mortgages from 3.79%.
There is a 2% product fee and the refunding of the valuation fee, to a maximum of £630.
In addition, Precise Mortgages has also launched two new limited edition five-year fixed rate buy-to-let mortgages aimed at customers looking for larger loan sizes.
Highlights of the new limited edition range include:
- 3.4% fixed rate
- £1,995 product fee for loans between £200,000 and £500,000
- 5% product fee for loans between £500,00 and £1 million
Adrian Moloney (pictured), group sales director for Precise Mortgages, said: “As a leading specialist lender, we’re pleased to reintroduce up to 80% buy-to-let LTV limits which are designed to offer increased product choice for landlords.
“We’re also pleased to be able to support the larger loan market by offering landlords a choice between a fixed fee product for loans up to £500,000, which may appeal to those with a limited company set-up, or a low percentage fee product for loans up to £1 million.”
