"The "heavy lifting" that we will manage will enable brokers to transition smoothly into this exciting area."
Available up to 75% LTV with a maximum loan of £500,000, the 3.65% rate is accessible exclusively to TMA Mortgage Club members.
The new product has a portfolio limit of twenty properties, up to a combined value of £5 million with Precise but unlimited elsewhere.
The product is available to individuals and limited companies for both purchase and remortgage.
Richard Keen, Head of Key Accounts at Precise Mortgages, said: “Following our successful launch into portfolio buy-to-let we are delighted to be working alongside TMA to further promote this proposition to the club’s members. The "heavy lifting" that we will manage will enable brokers to transition smoothly into this exciting area. This is a further example of how we look to support our key distribution partners with innovation and market leading products.”
Rob McCoy, senior product and business manager at TMA, added: “We are delighted to offer our members access to a new buy-to-let product from Precise Mortgages, following the introduction of the new PRA changes. Not only is the deal competitively priced, but Precise Mortgages also offers portfolio limits higher than most other lenders, giving our members exclusive access to another strong product to offer their landlord clients. We expect the deal to be very popular with our members and look forward to working with Precise Mortgages in the future.”
