Buy to Let - New Build

Overview

A new build property can sometimes be a great opportunity for a buy to let landlord. With products designed specifically for buy to let purchases and a priority processing service in place, we can help make that deal happen.

Range highlights

  • Flats in blocks up to 20 storeys accepted
  • New build flats with commercial ground floor considered
  • Offers valid for 6 months, may extend for a further 3 months

Key criteria

  • Accept self-employed with 12 months trading unless the applicant’s primary business is property letting and the minimum trading period is 3 years
  • Maximum age at application 80 years, maximum term 35 years
  • Up to 20 properties with Precise Mortgages to a combined maximum value of £10m, no limit on the size of existing portfolio
  • No minimum income requirements on loans up to £1m
    • Professional landlords
    • Limited companies
    • First-time landlords

Packager panel

Let our Packager Panel do the work for you.

You can submit a residential or buy to let mortgage to us direct or alternatively you can introduce a case to one of our packagers.

Contact one of our packagers direct today.

Bank of England Base Rate (BBR) Trackers and the Reversion Rate

BBR Trackers and reversion rates are variable rates that are linked to the Bank of England base rate. For new applications, any change to BBR will apply on our systems and documentation the next day. For existing accounts, any change to BBR will apply on the day of the change.

All of our BBR tracker products have a floor. This means that if BBR were to fall to 0.00% or less the rate payable will be 0.00% plus the agreed set percentage above BBR. This means that the rate payable will never go below 0.00% plus the additional percentage rate of the tracker mortgage.

Opening hours

Monday - Friday: 9am - 5pm
Wednesday: 9:30am to 5pm
excluding bank holidays

Postal Address

Precise Mortgages,
2 Charter Court, PO Box 6037,
Wolverhampton, WV1 9QW.

Intermediary support

0800 116 4385

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About Precise

For intermediary use only
BBR 5.25%