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