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.”
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