TMA Mortgage Club announces new fixed rate buy-to-let product

TMA Mortgage Club has today announced a three year fixed rate buy-to-let product with Precise Mortgages for members of its mortgage club.

The new buy-to-let product has some of the largest portfolio limits on the market for landlords with up to twenty properties, with a combined value of £5m with Precise, but unlimited elsewhere.

The product is available to individual and limited company landlords for both purchase and remortgage. Available for up to 75% loan to value with a maximum loan of £500,000, the 3.65%, three-year fixed rate product is accessible exclusively to TMA Mortgage Club members.

Despite the recent regulatory changes to the buy-to-let market, Precise Mortgages’ criteria has remained unchanged meaning TMA members can benefit from up to twenty buy-to-let mortgages, up to a combined value of £5m with Precise Mortgages, no limit on the size of existing portfolios, no limit on the number of director dependant shareholders under the age of twenty-five for Limited Company applications and the provision of a new online portfolio calculator to provide indicative portfolio assessment.

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