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  • Mortgages & Finance

    New BTL mortgage products - April 2017



    An up-dating round up of new mortgage products and ranges launching throughout April 2017.

    Precise Mortgages is offering a 5-year fixed rate buy-to-let mortgage at 2.99% to 75% loan-to-value for limited companies or individual borrowers.

    The product comes with a 2.00% product fee and, with a minimum loan size of £350,000, has been launched with South Eastern landlords in mind.

    Chris Lloyd, associate director of high net worth broker Enness Private Clients, said: “This rate from Precise is market-leading – they will assess the maximum borrowing with the actual rate of interest rate of 2.99%, as opposed to how the high street tests affordability with an assumed stressed interest rate of 5.5%.

    “This exceptionally low rate allows the client to borrow a lot more than they can elsewhere.”

    He added: “Most landlords are now buying their buy-to-let properties as a limited company as it works out more efficient in terms of tax.

    “Interest rates for these clients are typically around 3.5% plus for a limited company buy-to-let mortgage.”

    Precise also offers a 5-year fix at 3.39% to 75% LTV for borrowers with a minimum loan size of £250,000.

    For all your mortgage and bridging needs, contact the team at Property Tribes Financial Services on 01206 654444.

    NEXT UP  -        New BTL mortgages and ranges - March 2017

    SEE ALSO -      Fix for 2y or 5y?
                               
    DON'T MISS -    Lenders slash BTL mortgage rates to tempt LLs

    NOW WATCH:

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    ** available via the PTFinancialServices group **

    for more details, or to enquire about eligibility for this product, email us at BTL@PTFS.co.uk 



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    * For BTL's, residential mortgages, bridging, life cover and estate planning Property Tribes Financial Services website.

    Online, user friendly and easy to use BTL mortgage quote system here

    Online Life Insurance quotes here       

    Property Tribes Financial Services Videos here

    For commercial finance, complex BTL and HMO funding, development finance, international and expat mortgages, and portfolio BTL mortgage services Assured Funding website.

    Telephone: 01206 654444

    Email office@ptfs.co.uk

    Regulatory Statement

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    Yes I am loving Precise Mortgages innovative products.

    From memory - KRBS was offering the same rate on a 2 year fixed at just 65% LTV.

    Precise Mortgages with this Five Year Fixed Limited Edition product with 2.99% at 75% LTV.

    I love being a Master Broker for Precise Mortgages - our low fees and precise innovative products and criteria its looking like a good year for Bespoke Finance Team and our Landlords.
    Lets hope these lenders keep fighting each other to win over our Business.


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    The above post is not financial advice, its often me rambling - passing time on a coffee break.
    If you are looking for the Best BTL Mortgage? Call the Specialist Team at Bespoke Finance.


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    Leeds Building Society has launched a five year fixed rate buy-to-let mortgage at 3.10 per cent.

    The lender says the rate is market-leading and applies to house purchases or remortgages up to 70 per cent LTV.

    The loan has a £199 fee and a free valuation. Fees-assisted legal services are available for standard remortgages.

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