The product designed for buy to let investors combines a standard bridge from Precise Mortgages with a remortgage exit via Aldermore Commercial Mortgages.
Both are processed concurrently by 3mc utilising the same valuer for both lenders. The product will provide developers and professional landlords with the surety of funding.
Doug Hall, director of 3mc, says:
“As the vanilla BTL market continues to grow and develop so does the specialist BTL market. Both Aldermore Commercial Mortgages and Precise Mortgages are very much focussed on the intermediary market."
Alan Cleary, managing director of Precise Mortgages, added:
“It is great to see 3mc innovating on product choice and we believe this will be a very attractive product for many property investors.”
Rob Lankey, Managing Director of Aldermore Commercial Mortgages, concluded:
“The team at 3mc has identified a growing market opportunity and has responded with an attractive package that combines both bridging and an exit route using an Aldermore buy-to-let mortgage.
"We look forward to working with Doug Hall and his team to ensure this package is a great success. ”
