Covering Residential Mortgages, BTL, Secured Loans and Bridging Finance; all of the Precise Mortgage products are available via our specialist packaged team and our direct to lender mortgage club.
Changes to our portfolio stress test
We’ve increased our background portfolio buy to let stress test rate to 5.7% as of Tuesday 1 August 2023.
Our portfolio validation process includes an assessment of the background portfolio ICR which must be a minimum of 125% ICR at 5.7% pay rate and a maximum of 85% LTV.
All assessments completed before this date will be stress tested at the previous rate of 5%.
If you need support with an application, you can always speak with your business development manager, call our dedicated support team on 0800 116 4385 or contact us using Live Chat.