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Posts Tagged ‘Precise’

New HMO & Limited Company BTL Lender

Posted by Simon

Today Precise Mortgages has brought out a new range of limited company and HMO buy to let products for the first time.

Starting from 4.09% the products are available up to a £3 million loan size and through Searchlight Finance an enhanced borrowing of 80% LTV can be secured through our semi exclusive products.

Highlights of these great new products include:

• Semi Exclusive 80% products
• Personal ownership to limited companies will be allowed with equity gifts and capital raising, and newly formed SPVs will also be permitted.
• HMO properties with up to 6 bedrooms accepted.
• HMO property purchases through a limited company considered.
• A competitive range of fixed and tracker rate products are available.
• The maximum age at application is 80 and the maximum term 30 years.
• Unlimited properties with other lenders and up to 10 properties to a maximum of £5m with Precise Mortgages will be accepted.

To access the HMO products you need to have owned at least 2 properties for 2 years. To see if you meet criteria contact us today.

Precise Mortgages

Posted by Simon

Good to see Precise Mortgages will be entering into the HMO and limited company BTL market later this week. As a broker the existing HMO lenders I deal with need new competition so looking forward to seeing the rates from a lender who is very competitive.

Searchlight Finance Limited is registered in England and Wales No.07929050 Searchlight Finance Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (http://www.fca.org.uk/register) under reference 743220. The FCA do not regulate Business Buy to Let Mortgages or most Commercial Mortgages and Bridging Finance. ICO Number Z3109319. Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.

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