Precise Mortgages improves its buy to let criteria.
Precise has announced its BTL criteria has been loosened for investment landlords with multiple properties.
The lender has increased the number of properties it will allow each landlord to have. It is now possible to obtain a Precise mortgage on 10 properties and not 5. This increases the combined value of lending from £2million to £5million.
In addition the lender has brought in other changes. It has removed its restriction on the number of loans in excess of £1million that can be held with the lender. Loan to value levels have also improved, now mortgages will be advanced up to 80% LTV.
If you are looking to add to your property portfolio Deal Direct can help you find a mortgage. We can compare the Precise mortgage range against other deals in the UK market, to find you the one which is best for your investment needs.
Please note:
- Deal Direct is regulated by the FCA to offer mortgage advice. We are not regulated to offer financial advice.
- We cannot advise you as to the suitability of property as an investment, for that you will need to speak to an IFA.
- Not all buy to let mortgages are regulated by the FCA.
For a competitive buy to let mortgage quote,
call us on 0800 048 8828.
