Precise Mortgages is launching into the holiday BTL market and has enhanced criteria for its multi-unit range
The specialist lender will now consider applications on UK houses and flats utilised as holiday lets.
Experienced individual and limited company landlords can use Precise Mortgages’ BTL range, with rates starting from 2.77% for a loan up to £500,000 at a maximum LTV of 70% or opt for a bridging finance loan.
They can now also have up to six self-contained units under a single freehold and borrow up to £750,000 at 75% LTV and up to £1m at 70% LTV.
Alan Cleary, managing director at Precise Mortgages (pictured above), said: “The UK is proving increasingly popular among both British and overseas tourists, which is generating attractive rental returns for holiday lets.
“The new criteria across the buy-to-let mortgage and bridging finance ranges will help more customers secure the product they need.”
