Precise launches Limited Company BTL range

Precise Mortgages has launched a Limited Company buy to let product which will be available from Thursday 21st January.

Related topics:  Mortgages
Rozi Jones
20th January 2016
Alan Cleary Precise

Rates start at 4.09% and the products are available to a £3 million loan size and up to 80% LTV.

Applicants can have unlimited properties with other lenders and up to 10 to a maximum of £5m with Precise Mortgages.

The maximum age at application is 80, with a maximum term of 30 years.

Near prime available and bridge to Limited Company will also be available.

Alan Cleary, Managing Director, said:

"Changes in the taxation of buy to let properties may result in more professional landlords using a Ltd Company structure. Therefore, we have launched this product to help intermediaries meet the needs of their customers."

Yesterday, Precise announced that it will also enter into the government Help to Buy scheme, with products launching on Thursday.

Help to Buy Almost Prime products start from 3.55% up to 75% LTV for a 2 year tracker. 2 year fixed rates start at 3.95%, while Precice's 4 year fix is available from 4.20%.

Help to Buy Near Prime products include a 5.05% 2 year tracker, a 2 year fix from 5.45% and 4 year fix at 5.70%.

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