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.
Buy to let product withdrawals
We’re withdrawing our current range of 75% LTV buy to let mortgage products today, Friday 16 June. Our 80% LTV products will remain unchanged.
To secure a 75% LTV product from our current range you must fully submit your applications by 5pm today, Friday 16 June. We then need all minimum supporting documents uploaded by 5pm on Tuesday 20 June.
- For non-portfolio applications we need a signed Direct Debit mandate.
- For portfolio applications we need the portfolio schedule uploaded to the BTL Hub as well as a signed Direct Debit mandate and the combined business plan, cash flow, and assets and liabilities form.
- 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’.
Download our right first time submission guide >>
Residential product withdrawals
We’re withdrawing a number of products from our current range of residential products today, Tuesday 20 June.
- All Tier 1, Tier 2 and Tier 3 core range products
- All Tier 1, Tier 2 and Tier 3 DMP range products
- All Right to Buy products
- All Help to Buy remortgage products
New product ranges will be available soon.
To secure a product from our current range you must fully submit your applications before 8pm today, Tuesday 20 June. We then need all minimum supporting documents uploaded by 5pm on Thursday 22 June.
- 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’.
Download our right first time submission guide >>
Bridging finance product withdrawals
We’re withdrawing selected rates from our bridging finance range today, Wednesday 21 June.
- 55% LTV – Standard bridging and Tier 1 refurbishment
- 50% LTV – Tier 2 refurbishment
All other bridging finance products are unaffected.
To secure one of these rates from our current range you must fully submit your applications before 5pm today, Wednesday 21 June.
If you have any questions, speak with your specialist finance account manager or call our dedicated underwriting team on 0800 116 4385.