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Precise Mortgages Refurbishment Buy To Let Product Guide

Latest product highlights below:-

  • Properties that are not habitable or lettable in their current condition
  • Properties needing works to meet minimum EPC ratings, such as boiler replacement
  • Properties purchased at auction
  • Landlords choosing to refurbish in order to maximise the rental yield and value of the property
  • Peace of mind:  Refurb BTL allows customers looking to refurbish a property to rent out, the surety of exit by providing both the Bridging offer and the BTL offer (based on the afterworks figure) upfront
  • The rates are aligned with our core product ranges (rates from 0.54% pcm for the Bridge element and from 3.14% for the BTL exit).  We’ve also reduced the facility fee to 0.75% on the bridge element (instead of 2% as per our core range).
  • One valuation fee and reduced legal costs across the two transactions
  • No mortgage repayments required whilst works are being completed (interest is rolled up)
  • One application, one underwriter, one solicitor, two offers(Bridge/BTL) and two procuration fees

Click on the link below to download a file:

Precise Mortgages Refurbishment Buy To Let Product Guide

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