Precise Mortgages continues to offer support and cuts Buy to Let Mortgage rates by up to 0.40%

23/09/2020

Precise Mortgages, one of the UK’s leading specialist lenders, has announced it is cutting rates by up to 0.40% across its range of Buy to Let Mortgages, as well as launching new Help to Buy remortgage products.

The specialist lender’s Buy to let range is available for both purchase and remortgage and features reduced rates as follows:

  • 2 year fixed rate Buy to Let and Limited Company Buy to Let Mortgages – 3.14%
  • 2 year fixed rate HMO and Limited Company HMO Mortgages – 3.44%
  • 5 year fixed rate Buy to Let and Limited Company Buy to Let Mortgages – 3.49%
  • 5 year fixed rate HMO and Limited Company HMO Mortgages – 3.74%

Precise Mortgages has also launched a new range of Help to Buy remortgage products. The range is available to those with less than perfect credit profiles with features including no product fee, a refund of valuation fee and rates as follows:

  • 2 year fixed rate – 4.24%
  • 5 year fixed rate – 4.34%

The move has been welcomed by Doug Hall, Director at 3mc, who said: “It’s fantastic to see this new range from Precise Mortgages, which is a real show of intent to help us support the broker community and customers alike, combined with their consistent and speedy servicing of cases throughout this year, which is excellent in the current market.”

Adrian Moloney, OneSavings Bank Group Sales Director, said: “It’s vital that we support the market in these challenging times, and we believe these rate reductions across our range of Buy to Let Mortgages will help brokers in placing more of their customers’ cases.

“As one of the first specialist lenders to enter the Help to Buy market, we remain as committed to the scheme as we always have been, and our new Help to Buy remortgage products will help more first-time buyers meet their aspirations of becoming established homeowners.”

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