Precise strengthens buy-to-let range with lower rates and wider adverse options
The lender has re-introduced Tier 2 and Tier 3 buy-to-let products.
"As well as reducing rates, we’ve widened our acceptable adverse criteria on buy-to-let properties with Tier 2 and Tier 3 products"
- Adrian Moloney, intermediary director at OSB Group
Precise has made a series of enhancements across its buy-to-let product range.
Current Tier 1 80% LTV buy-to-let rates have reduced by 50bps.
The lender has also re-introduced Tier 2 and Tier 3 buy-to-let products, starting from 5.19%, designed for buy-to-let customers who have had challenges with their credit previously.
Last week, Precise announced its rebrand alongside a new broker website.
Adrian Moloney, intermediary director at OSB Group, said: “These buy-to-let changes reflect the challenges that UK Finance highlighted in their Q4 results which showed that a percentage of landlords as well as homeowners were struggling with their finances.
“As well as reducing rates, we’ve widened our acceptable adverse criteria on buy-to-let properties with Tier 2 and Tier 3 products which firmly establish Precise’s position as a specialist adverse lender.”
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