Precise offers generous buy-to-let rental calculation
Precise Mortgages is offering one of the most generous buy-to-let rental calculations to landlords struggling to secure a large enough mortgage.
The lender has two term-tracker mortgages starting from 3.69% which use the rental calculation of 125% of the pay rate to work out how much they will lend. These terms are better than those offered by many other lenders.
Borrowers will need a minimum deposit of 25% to access these mortgages and the arrangement fee is 3% of the loan amount.
Aaron Strutt, product manager at Trinity Financial, says: "Precise is charging a higher fee to enable landlords to raise bigger mortgages, particularly if they haven’t been able to get a large enough loan from other buy-to-let lenders."
If you are struggling to secure a buy-to-let mortgage, call Trinity on 020 7016 0790.
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