Mortgages

Precise Mortgages and TMA launch exclusive BTL product



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TMA Mortgage Club has announced an exclusive three-year fixed rate buy-to-let product with Precise Mortgages for members of its mortgage club.

The product has some of the largest portfolio limits on the market for landlords with up to 20 properties with a combined value of £5m with Precise, but unlimited elsewhere.

Available to both individual and limited company landlords, the product can also be used for purchase and remortgage.

It is available for up to 75% LTV with a maximum loan of £500,000 and the 3.65% three-year fixed rate product is accessible exclusively to TMA Mortgage Club members.

Benefits for TMA members include:

  • up to 20 buy-to-let mortgages, up to a combined value of £5m with Precise Mortgages
  • no limit on size of existing portfolios
  • no limit on the number of director dependant shareholders under the age of 25 for limited company applications
  • provision of a new online portfolio calculator to provide indicative portfolio assessment.

 

“Following our successful launch into portfolio buy-to-let, we are delighted to be working alongside TMA to further promote this proposition to the club’s members,” said Richard Keen, head of key accounts at Precise Mortgages.

“The ‘heavy lifting’ that we will manage will enable brokers to transition smoothly into this exciting area.

“This is a further example of how we look to support our key distribution partners with innovation and market-leading products.”

Rob McCoy, senior product and business manager at TMA, said it was delighted to offer its members access to a new BTL product from Precise.

“Not only is the deal competitively priced, but Precise Mortgages also offers portfolio limits higher than most other lenders, giving our members exclusive access to another strong product to offer their landlord clients.

“We expect the deal to be very popular with our members and look forward to working with Precise Mortgages in the future.”

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