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.
Helping landlords with improved affordability
We’re delighted to announce that we’ve simplified the minimum ICR for personal ownership applications. But that’s not all, we’ve also reduced assessment rates on our short-term fixed rates and variable rate trackers.
Simplification of minimum ICR calculations
Higher rate and additional rate taxpayers now calculated at 140% previously 145% for higher rate and 160% for additional rate
Reduction in assessment rates
- Short-term fixed rates now assessed at pay rate plus 1.55% (minimum 5.50%)
- Variable rate trackers now assessed at pay rate plus 1.55% (minimum 5.50%)
This is great news for your landlord customers, particularly with our limited edition range still being available. Our 4.69% 2-year fixed now has an assessment rate of just 6.24% (previously 8.50%) – that’s a huge improvement, offering your customers increased affordability options and access to larger loans.
And if you’ve recently tried placing a case with us but had a negative outcome, why not try again with our enhanced calculations. You can even clone your previous DIP to save time.
Specialist buy to let products
To find out more, speak with your Business Development Manager, call our dedicated support team on 0800 116 4385 or use Live Chat.