Alan Cleary

Paradigm gets access to semi-exclusive Precise BTL product

Paradigm Mortgage Services has secured access to a semi-exclusive BTL product from Precise Mortgages.

The mortgage services proposition is one of only two mortgage distributors with access to the product.

Paradigm’s members will be able to access the new deal: a two-year 2.89% fixed rate available up to 75% LTV.

The product will only be available for a limited time and benefits from a reduced rate – 0.2 percentage points below Precise’s standard product – and a reduced fee – 1% compared with 2% on its standard product.

The specialist lender’s 2.89% two-year fix comes with a reversion rate of 5.5% and ERCs of 4% in year one and 3% in year two. 

“This new buy-to-let product will help provide an alternative choice for customers who are looking to benefit from lower upfront costs and monthly repayments,” said Alan Cleary, managing director at Precise Mortgages (pictured above).

“We’re pleased to support Paradigm in offering this shared exclusive and are confident it will be well received by its advisers and customers alike.”

John Coffield, head of Paradigm Mortgage Services, said that its close relationship with lenders allowed it to secure access to market-leading products.

“…We are pleased to be able to offer this Precise Mortgages deal to our member firms. 

“It comes with a very competitive rate and fee – both reduced from the lender’s standard offering – and should stack up well for advisers looking for a quality deal. 

“As mentioned, it will only be available for a limited time, so Paradigm members are advised to act quickly if they believe this deal is suitable for their landlord clients.”

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