Introduction

At Precise Mortgages we continually enhance our products, criteria and service proposition to offer a wide range of borrowing options, providing solutions for customers who struggle to meet high street lenders’ criteria.

 
  • Minimum 1 year’s self-employed trading in most cases
  • Less than perfect credit profile considered (including CCJs and defaults – 0 in 3 months)
  • Options available for Debt Management Plans up to 85% LTV
  • First time buyers considered up to 85% LTV
  • Right to Buy and Help to Buy products available
  • Interest Only and Part and Part repayment methods available

To see what else we can consider click here to see our Residential Mortgages Key Information Sheet.

 
  • Top Slicing option available – find out more here
  • Options available for Limited Companies, including SPVs
  • HMOs with up to 8 bedrooms and 2 kitchens
  • Portfolios: up to 20 loans with Precise Mortgages (up to £10m value) – unlimited with other lenders
  • Interest coverage ratio (ICR) from 125% - bespoke ICRs available based on individual circumstances
  • Studio flats accepted
  • Maximum age of 80 at application (maximum term of 35 years)

To see what else we can consider select one of our Key Information Sheets below:

 
 
 
 
  • First and second charges available
  • Joint legal representation offered to help reduce costs for customers
  • Automated valuations (AVMs) option available
  • No blended rate for cross collateral charges
  • Lend up to 100% with additional security

Click here for scenarios where Bridging Finance may be the solution for your customer.

 

Paradigm DAs can submit second charge loans direct to Precise Mortgages. Click here for more information on how to submit direct.

Residential

  • Loans available for any purposes (includes tax bills, capital raising, business use and holiday homes)
  • Terms available between 3 and 35 years
  • Minimum 1 year’s self-employed trading in most cases
  • 100% of rental profit on investment properties can be used to supplement affordability

Buy to Let

  • Loans available for any purposes (includes tax bills, capital raising and property investment)
  • Terms available between 3 and 35 years
  • Maximum age at application up to 80 years old, maximum term of 35 years
  • No minimum income required (must be able to cover rent voids and maintenance costs)
  • Customers with up to 3 buy to lets can use earned income to meet the ICR calculation
  • ICR calculated at pay rate on 5 year fixed rate products (additional underwriting may be required)
 

Enquiries:
Intermediary & underwriting support team: 0800 116 4385
Email: enquiries@precisemortgages.co.uk

Sales Team:
Click here to access their details.

Website:
http://precisemortgages.co.uk/

Precise Mortgages

Links

Registration or Login 

Click here to register with Precise Mortgages and follow the simple steps provided.

If you’re already registered with Precise Mortgages and would like to submit a case click here.

 

Proc Fees

Product: Residential & Buy to Let
Gross: 0.60%
Net: 0.50%
Min:
Max:
Product: Bridging & Short Term Lending
Gross: 1.75%
Net: 1.30%
Min:
Max:
Product: Fee Free Bridging
Gross: 1.00%
Net: 0.90%
Min:
Max:
Product: 2nd Charge Loans
Gross: 1.50%
Net: 1.25%
Min:
Max: