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Precise Mortgages launches new 3-year fix through Buy to Let Club

Precise Mortgages has launched an exclusive limited company buy-to-let three-year fixed rate mortgage through Buy to Let Club.

The product is fixed at 3.54 per cent until 31 October 2019 up to 75 per cent LTV.

It has an arrangement fee of 1.5 per cent. Early repayment charges are 3 per cent until 31 October 2017, followed by 2 per cent in the following 2 years.

The revert rate is LIBOR plus 4.42 per cent.

Precise Mortgages managing director Alan Cleary says: “We work closely with Buy to Let Club in mortgage product design and this type of product is growing in popularity and I expect it to be a popular choice amongst brokers and landlords.”

Buy to Let Club managing director Ying Tan says he has seen a rise in the number of buy-to-let loans applied for via limited companies.

Tan says: “We saw an unusually high number of limited company applications in June this year totalling 22 per cent of our packaged cases and July has proved to be another strong month.

“We are seeing limited company rates falling as competition in the market heats up in preparation for the tax changes in 2017 and landlords are clearly taking advantage of this.”



Accord Buy To Let cuts all five-year fixes by 0.30%

Accord Buy To Let has cut its entire five-year fixed rate range by 0.30 per cent. The range now includes a 2.89 per cent five-year fix at 60 per cent LTV to remortgaging landlords. This has an £800 fee and the choice of a free standard valuation and standard legal fees or £300 cashback on […]


Accord launches buy-to-let tracker range

Accord Buy To Let is launching a range of new two-year tracker mortgages with no early repayment changes. The mortgages will track the Bank of England base rate for two-years, collared at the current rates. At the end of the two-year term landlords will revert to a discounted rate of 3.79 per cent (1.75 per […]


Mansfield Launches five-year fixed buy-to-let at 3.29%

Mansfield Building Society has launched a five-year fixed rate buy-to-let mortgage at 3.29 per cent. The product is aimed at small independent landlords that want to offset Brexit uncertainty. The product is available for purchase and remortgage, and can also be used for consumer buy-to-let. The loan is available up to 70 per cent LTV. […]

Frexit & contagion risk in Europe

Many commentators have suggested the UK’s exit from the European Union will trigger a domino effect, leading to its eventual break-up. Neptune Head of European Equities Rob Burnett discusses the likelihood of this happening. Click here to read more Important informationInvestment risks Neptune funds may have a high historic volatility rating and past performance is […]


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