Precise Mortgages Income Supported Products  - 07/12/2017 13:38

The latest buy-to-let mortgages from Precise Mortgages provides landlords with more options and are available now at TFC Homeloans.

The range of buy to let mortgages offers landlords a variety of solutions, whatever their situation. They can help portfolio landlords, limited companies, those looking at HMOs, and even first time buyer and first time landlords. Using income to support a mortgage may be the solution for some, whilst a 5 year fixed rate could be more suited for another.

Highlights and features

  • New: Use income to support a rental shortfall above an ICR of 110% calculated at pay rate.
  • Ideal for low yield, high value properties
  • Available on any core buy to let product including short term fixed rates and trackers
  • Applicable to non-portfolio landlords
  • Rental cover - ICR: based on individual circumstances
  • Rental cover - Assessment rate: Higher of pay rate + 2%, or revert rate (minimum 5.50%) for shorter term Fixed and Tracker products. 
  • Pay rate for 5 year + Fixed rates.
  • 5 year fixed rate products that help maximise the loan size available
  • 5 year fixed with 4% cashback available on purchases
  • Minimum property value of £50,000 (excluding London and HMO properties)
  • Maximum term of 35 years
  • Maximum age at application 80 years
  • 2, 5 and 10 year fixed rate products

Give TFC Homeloans a call to find out more.

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