New buy-to-let exclusive for 3mc

New buy-to-let exclusive for 3mc

3mc is now offering an exclusive two-year fixed rate buy-to-let mortgage deal funded by Precise Mortgages.

It is suitable for purchasing or remortgaging multi-tenanted units, houses in multiple occupation (HMOs) up to eight beds and limited company HMOs.

The product is available to all intermediaries and through 3mc’s network partners: The Right Mortgage and Protection Network, Sesame, Stonebridge Network, Home Loan Partnership and to directly authorised members of the PMS Mortgage Club.

It is priced at 3.49% and is available up to 75% loan to value. It comes with an arrangement fee of £995.

The minimum and maximum loan sizes are  £25,001 and £500,000 respectively.

Early payments charges are 4% in the first year and 3% in year two.

Doug Hall, director of 3mc, said: “We continue to receive an increasing number of enquiries about HMOs, including limited company HMOs, and this exclusive product funded by Precise Mortgages gives brokers access to a very competitive deal.

“Brokers are guaranteed to receive a fast and professional service from 3mc.”

Alan Cleary, managing director of Precise Mortgages, added: “We’re delighted to be working with 3mc to offer this two-year fixed rate buy-to-let product to brokers and their clients.

“We’re experiencing significant demand for funding for HMOs and limited company HMOs and I have no doubt this exclusive deal will prove to be very popular.”