3mc launches exclusive BTL range with Precise

The range, which is funded by Precise Mortgages, includes a choice of lifetime trackers, with LTVs up to 75%. Rental calculations are based on 125% of pay rate, and the minimum loan is £150,000 - maximum loan size is £3m to 65% LTV and £2m to 75% LTV. Early release charges for the range have been reduced to 3 years, and there is no minimum income requirement for loans up to £1m.

Doug Hall, Director of 3mc, said:

“This range of exclusive products not only offers excellent value for money but, with a starting rate of just 3.4% for loans up 65% LTV, also one of the lowest ever stress test calculators that 3mc has been able to offer since we launched in 1996.

“The 3.4% deal will be particularly attractive for investors wanting to finance lower yielding properties, whilst the other products will hold appeal for landlords wanting to finance higher LTV deals.”

Alan Cleary, Managing Director of Precise Mortgages, said:

“We’re delighted to be marketing this range of buy-to-let mortgages exclusively via 3mc. Applications can be submitted either direct to Precise with 3mc specified as the payment route or, alternatively, 3mc will provide a full packaging service.”