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.
Even more choice for landlords…
We’re giving landlords even more choice with the launch of our new limited edition buy to let range, featuring reduced 5-year fixed rates, lower minimum loan sizes and new 5-year fixed 7% fee product.
- Lifetime tracker, 2 and 5-year fixed options rates from 4.69%
- Minimum loan size reduced loans from £40,000
- New 5-year fixed with 7% product fee available at 5.24%
Limited edition product flyer >>
Don’t forget…
- 5-year fixed affordability assessed at pay rate
- Available to personal ownership, limited company, HMO/MUB and limited company HMO/MUB landlords
- Portfolio landlords – up to 20 properties to a total value of £10 million with us, no limit on the number or value held with other lenders.
- Limited company landlords – no limit on the number of director dependant shareholders under age of 21.
Speak with your business development manager if you have any questions, or call our dedicated support team on 0800 116 4385.
Landlord customer need support with an EPC C+ refurbishment project?
If your landlord customer needs support in carrying out refurbishments to a property that already has an EPC rating of C or above, or will be awarded a C rating as a result of the work, our refurbishment buy to let proposition offering could be ideal.
Our range features an exit product with rates from 6.09% which is designed for energy efficient properties where customers want to carry out further improvements.
- Suitable for refurbishment of properties that already have an EPC rating of C or above, or will be awarded a C rating as a result of the work*
- Bridging rates from 0.74%
- Buy to let exit rates from 6.09%
- Could help to maximise rental yields and optimise capital value
*If your customer selects an EPC C+ exit, they’ll need to arrange a new EPC for the property. This must show an EPC rating of C or above.
When you take out refurbishment buy to let with us, you’ll benefit from:
- One expert underwriter providing support every step of the way
- One application which we’ll key for you
- One valuer for both bridging finance and buy to let mortgage
- One conveyancer with discounted legal fees
- Two procuration fee payments
- Two offers issued simultaneously
Not only that, customers can also choose between serviced or retained interest payments during the refurbishment stage, and there’s also the added peace of mind of knowing that the rate on offer is the rate they’ll get at valuation.
To find out more, speak with your business development manager or get in touch with a member of our dedicated underwriting team on 0800 116 4385.
Residential product changes
We’re making changes to our residential products. A new range of 2-year products with lower rates, plus new limited edition products featuring refunded valuation and £300 cashback will be available on our website from Thursday 14 September.
To secure a product from our current range you must fully submit your applications before 5pm on Wednesday 13 September. We then need all minimum supporting documents uploaded by 5pm on Friday 15 September.
- Signed Direct Debit mandate.
- Latest year’s accounts/tax calculation accompanied with correspondingtax year overview (self employed).
- 1 month from the latest 2 months’ payslips (net pay must be consistentwith bank statement) (employed).
- The latest 3 calendar months’ personal bank statements showingincome and expenditure.
- As part of the usual underwrite we may require additional documentation.
Full details of our document submission requirements can be found in our ‘right first time submission guide’.