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.
Adverse credit getting in the way of your customers getting a mortgage?
Even though the average price of a house in the UK has fallen to £288,000*, many people are still struggling to secure a residential mortgage, especially those with blips on their credit scores.
That’s why we’ve launched a range of residential mortgage options that support those with active and satisfied DMPs, CCJs, defaults and secured/unsecured arrears.
Here’s how we could help:
- You’re approached by a couple who’re expecting their first child and need to upsize from their current flat.
- They’ve found a three-bedroom property worth £300,000 and have £45,000 in equity from the sale of their existing property to put down as a deposit.
- Unfortunately, in the last few years the couple have experienced some financial difficulties which has left a mark on their credit score.
- They wanted to take responsibility for these and entered into a DMP 18 months ago, but they’re struggling to find a lender willing to support them.
- You reach out to Precise as you know our residential range provides options for people with adverse credit profiles, including those with active DMPs.
- We’re able to offer the customer a 2-year fixed rate mortgage at 85% LTV.
Our current range of residential rates start from 5.44% at 65%. However, if your customer is looking to keep costs to a minimum, the range also includes options with no product fees, refund of valuation fee (up to a maximum of £630) and £300 cashback.
View our residential product guide here >>
For ease, our cascade system automatically filters your case until the appropriate product is found for your customer with no need to reapply.
To find out more about how we could help, speak with your business development manager, call our dedicated support service on 0800 116 4385 or contact us using Live Chat.
* https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/housepriceindex/october2023