It also lowers the minimum loan size across its limited edition BTL range
Precise Mortgages, a specialist lender within the OSB Group, has lowered the rates of five-year fixes across its limited edition buy-to-let range.
Aiming to help brokers support customers with affordability challenges, the lender reduced rates on five-year fixed terms, with new rates now starting from 5.24%.
Precise Mortgages also lowered the minimum loan size to £40,000 across all limited edition buy-to-let products and introduced a new five-year fixed rate product with a 7% fee.
LAUNCHED TODAY 🔑
— Precise Mortgages (@Precise_Mtgs) September 8, 2023
Our limited edition buy to let products feature options for personal ownership and limited company landlords.
Find out more and download our latest product flyer at https://t.co/e3nCCNVnEa
*For intermediaries only. pic.twitter.com/KqQ8Il7F5D
“We’re delighted to be able to lower rates across our five-year fixed rate mortgages within our limited edition buy-to-let range,” commented Adrian Moloney (pictured), group intermediary director at OSB Group.
“With market challenges set to continue and strong rental demand remaining, landlord affordability is paramount. That’s why we’re able to assess five-year affordability at pay rate across loans for single dwelling, HMO, and multi-unit properties.”
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