Precise Mortgages Launches New Buy to Let Deals

Precise Mortgages - UK lender, which earlier announced that it got the approval of the FSA to enter residential mortgage market - launched new "autumn" buy to let deals.

One of them is a 2-year tracker mortgage and the other one is a lifetime tracker mortgage; the deals feature interest rates that start at 4.89% and 4.99% respectively. Another distinctive feature of these buy to let mortgages is that they have no early repayment charges and, thus, are one of the most competitive on the British market.

The deals are available via mortgage brokers that include but are not limited to: L&G, TMBC, Mortgage Next, PMS, PTFS, etc.

Commenting on the new products, Mr. Cleary of Precise Mortgages, said that they are aimed at those borrowers who have been locked out the mortgage market because these deals “boast both competitive rates and fantastic product features to benefit the client.”

Earlier this month it was revealed that buy to let mortgages account for 20% of all deals handled by mortgage brokers.