Precise overhauls BTL range
Precise Mortgages, the specialist lender, has made several changes to its BTL product range in order to improve its offering for mortgage intermediaries and borrowers.
A new Almost Prime BTL range has been launched to help landlords who are being rejected by high street lenders for minor and/or historic credit issues, with LTVs up to 80%.
The range includes Lifetime Tracker products, providing an option for properties with lower rental yields. Three new Lifetime Tracker products have been added to the range that are available from £100,000 loan size in addition to its successful £250,000 plus range. All 80% LTV BTL products are now exclusively available through the packager panel.
There is also a change to policy allowing existing bridging customers to exit the bridging loan to any Precise Mortgages BTL product at any time.
Alan Cleary, Managing Director of Precise Mortgages, commented:
"There are a number of changes in this product range that we believe will be attractive to our intermediaries and borrowers. The lifetime tracker product should be particularly appealing for London properties that tend to have lower rental yields."
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Buy-to-let
Buy-to-let market 'in transition' as landlords turn to refinancing
MPowered Mortgages
MPowered closes to new business amid potential sale
Budget
Reeves lays groundwork for tax rises in surprise pre-Budget speech
FCA
FCA bans and fines adviser £100,000
Bank Of England
Interest rates held at 4% in narrow 5-4 vote
Budget
What taxes could be raised in the Autumn Budget?
