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Precise Mortgages launch new BTL range.

15 December 2016

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Today, Thursday the 15th December Precise Mortgages are launching an exciting new range of BTL products.  All products in core, Limited Company and HMO will be replaced by the new range.  

Highlights of the new product ranges include:

  • Rates starting from 3.29%
  • New 1 Year Fixed rates introduced
  • New 5 Year Fixed rates with 3 year ERCs
  • New 5 Year Fixed rates with 4% cashback (maximum loan size of £500,000) – purchase only
  • Revert Rate of 3.50% for 2 Year Trackers and 1 and 2 Year Fixed rates
  • Revert Rates for 5 Year Fixed at 3.99% and at 4.49% for 10 Year Fixed
  • Their continued focus on Limited Companies now means that these products have been aligned to the Core range
  • HMO range with rates starting from 3.39%

Click here to see the full product information.

At the same time they launch the new product ranges for BTL they are also reducing the minimum property valuations for Residential and BTL to£50,000. Properties with London postcodes will remain at £150,000.

In addition to the above they have also recently increased the portfolio size with Precise Mortgages to 20 up to an aggregate value of £5million, whilst till allowing an unlimited portfolio with other lenders.

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