View more on these topics

3mc and Precise launch 2-year fixed B2L deal


Mortgage distributor 3mc is launching a buy-to-let mortgage deal funded by Precise Mortgages, targeting houses in multiple occupation.

The 3.89 per cent two-year fixed deal at up to 75 per cent goes live today and includes limited company buy-to-lets.

It has a £1,495 arrangement fee. Early redemption charges of 3 per cent apply until 21 October 2017 and then ERCs of 2 per cent kick in until 31 October 2018.

The deal is also available through 3mc’s network partners Home Loan Partnership, The Right Mortgage and Protection Network, Sesame, Stonebridge Network and to directly authorised members of the PMS Mortgage Club.

The product’s revert rate is LIBOR plus 4.42 per cent.

3mc director Doug Hall says: “Both HMOs and limited company BTLs have become increasingly popular as investors seek higher returns. I’m therefore delighted to be announcing this excellent deal today.”

Precise Mortgages managing director Alan Cleary says: “3mc has a detailed understanding of the needs of professional property investors and is therefore an ideal partner to market this specialist mortgage deal. This is an ideal time for borrowers to lock into today’s low rates and I’m sure this two-year fix will prove to be very popular.”



Stonebridge sets up packager panel of AToM, Complete FS and 3mc

Stonebridge Group has set up a new mortgage packager panel for its appointed representative  firms. The panel has been selected by Stonebridge and will consist of three firms: AToM, Complete FS and 3mc. The trio will package first-charge residential and buy-to-let business. A Stonebridge statement says the three firms beat off competition in areas including […]


3mc relaunches 90% residential loan with no packager fee

Mortgage distributor 3mc is relaunching a 90 per cent LTV residential mortgage with no packager fee. The deal was first launched in April this year to mark 3mc’s appointment to Kensington’s packager panel. But now it is now being offered with either a 4.99 per cent two-year fix or 5.29 per cent three-year fix. The […]


Kensington adds 3mc to panel

Kensington has added mortgage distributor 3mc to its panel. The distributor is also launching a 90 per cent LTV residential mortgage with no packager fee. The deal is being offered with the choice of a 4.89 per cent two-year fix or 5.19 per cent three-year fix. The product is also being made available through 3mc’s […]

Artemis Investments’ Outlook for 2016

Political change and the ‘normalisation’ of interest rates mean 2016 is likely to be another interesting year. But what will it bring for equities – and bonds? Here, a number of Artemis’ managers share their views. Click here to read the full article


News and expert analysis straight to your inbox

Sign up