Precise offers 1% BTL rate cut; product launch from Paragon Mortgage Strategy

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For portfolio buy to let customers Precise mortgages  is offering rates reduced by up to 1%.

The lender is offering portfolio landlords rates starting from 4.14% with new discounts for 55% and 65% LTVs for non-HMOs.

There are simplified fee options of 2% and 4% and the lender is offering these terms for both two and five-year fixes.

For non-portfolio landlords, Precise is offering rates starting from 3.59%, with 65%-75% LTV for loans of £125k-£325k available on a new limited edition range.

Paragon has introduced a new range of limited edition five-year fixed rate products.

Rates start from 5.35% for single self-contained properties with a £3,995 product fee for properties with an EPC rating of A-C. These products benefit from a free mortgage valuation and £750 cashback.


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