Specialist lender Precise — part of OSB Group — has updated its BTL product range, which now features reduced rates and new fee products.
Following this, rates for its BTL products now start from 4.49%.
The firm has reintroduced its Tier 1 products at 70% and 75% LTV with reduced paperwork for eligible borrowers — the range includes options for HMOs, MUFBs and limited companies.
It has also expanded its Tier 2 and 3 suites at up to 80% LTV with two- and five-year fixed options, expanding the allowable adverse at higher LTVs.
In addition, Precise has brought out 7% and 5% fee options for five-year fixes, and 5% fee options for two-year fixes, to improve borrowing capacity for borrowers.
Adrian Moloney, group intermediary director at OSB Group (pictured above), said: “These fee-based options support brokers and their clients who are looking for the reassurance of a fixed monthly payment and increased borrowing capacity.
“As well as reducing rates, we’ve widened our acceptable criteria on buy to let properties with all three tier products which strengthens Precise’s offering within the BTL market.”
