Precise launches limited edition buy-to-let deals
Specialist lender Precise Mortgages has launched a limited edition range of buy-to-let deals, which will only be on the market until Christmas.
The lender, which sells its mortgages through regulated mortgage advisers, not directly to the public, claims that the new products could save customers thousands of pounds in mortgage payments and product fees.
Highlights of the limited edition range, which is available to landlords with 25% equity, include:
- Lifetime tracker rate reduced by 0.26% to 3.49% and product fee changed from 2.5% to £2,495. Precise claims that the average saving for customers on this product could be in excess of £5,000 compared to its core range
- Five-year fixed rate reduced by 0.40% to 3.99%, and product fee changed from 2% to £1,995
- Two-year fixed rate reduced by 0.30% to 3.69% and product fee changed from 2% to £1,995.
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 more choice especially for larger loans.”