HMO rates have been reduced by up to 0.60%pa, and Limited Company rates by up to 0.55%pa - as well as a selection of rate changes on its core rates.
A new 2 year fixed rate has been announced, at 2.79%pa with a 1.50% Product Fee, and is available via L&G and SBG.
Alan Cleary, Managing Director of Precise Mortgages said:
“Traditionally the summer months can see business levels soften but we want to increase our market share and have positioned our new buy to let range to achieve that objective.”
Jane Benjamin, Head of Relationship Management at Sesame Bankhall Group, added:
“These new products should be attractive to landlords who are struggling to get a buy to let mortgage from high street lenders. At a time when many landlords are uncertain about how the recent tax changes will impact on them, as well as not knowing when the next interest rate change is likely to occur, the stability of a fixed rate, coupled with the lower Product Fee will make these products attractive to a wider range of customers.”
