Precise makes BTL rate changes
Precise Mortgages, part of the OSB Group, has announced changes to its 5-year fixed rate terms.
Changes include reduced rates on 5-year fixed terms, now starting from 5.24%, and a lowered minimum loan size to £40,000 across all its limited edition products.
The bank has also introduced a new 5-year fixed rate product with a 7% fee.
Adrian Moloney, Group Intermediary Director, OSB Group, said:
“We’re delighted to be able to lower rates across our 5-year fixed rate mortgages within our limited edition buy-to-let range.”
“With market challenges set to continue and strong rental demand remaining, landlord affordability is paramount, that’s why we’re able to assess 5-year affordability at pay rate across loans for single dwelling, HMO and multi-unit properties.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
FCA
FCA bans and fines financial adviser more than £740,000
In The Spotlight
'Turbulence in the mainstream market creates opportunities in the specialist space': Josh Knight, Glenhawk
Housing Market
Almost half of home sellers hit by broken property chains
Regulation
FCA bans and fines trio behind £35.5m investment scheme
This week's biggest stories:
FCA
FCA bans and fines financial adviser more than £740,000
In The Spotlight
'Turbulence in the mainstream market creates opportunities in the specialist space': Josh Knight, Glenhawk
Housing Market
Almost half of home sellers hit by broken property chains
Regulation
FCA bans and fines trio behind £35.5m investment scheme
CHL Mortgages
CHL enhances bridging range with AVMs and enhanced adverse credit criteria
Housing Market
July housing transactions dip 2% amid 'cautious market': HMRC
