01792 277 555

Precise Mortgages

Precise Mortgages offer a wide range of specialist
lending products. See below for details.

RESIDENTIAL MORTGAGES

• Unlimited capital raising (including debt consolidation and business purposes considered)
• One year’s self-employed figures up to 85% LTV + lender fees (subject to score)
• DMPs considered and do not have to be satisfied on completion
• First time buyers accepted up to 85% LTV with no restrictions
• Adverse considered, including CCJs and defaults – click here to see their maximum allowable adverse

Packaging tips: Residential

• Standard declaration? Complete the cost and fees tick box section and ensure it matches the system
• Help to Buy application? Key in the help to buy equity share costs as a commitment
• Certifying documents? Use our document certification form that can be found here

BUY TO LET MORTGAGES

• No score cascade from Tier 1 products unless the customer has adverse
• Income supported option available to support a rental shortfall above an ICR of 110%
• Combined portfolio lending limit increased to £10m (unlimited with other lenders)
• Licensed and unlicensed HMO and Limited Company options available
• No income requirements on loans up to £1m
• Maximum age at application of 80 (maximum term of 35 years)

Packaging tips: BTL

• Proof of deposit? May be required if disproportionate to income
• Gifted deposit? We provide a template that can be used – please click here to see it
• Rental voids? Evidence of supporting income may be needed

BRIDGING FINANCE

• Regulated and non-regulated products available
• Up to 75% LTV available
• 0% facility fee products available
• AVMs (automated valuation models available – click here to see the criteria)
• Joint legal representation available in England

Packaging tips: Bridging

• When could bridging finance be the solution? Watch our video here
• More complex case? Provide a quick synopsis of the case on submission. The more information available from the onset the easier we will be able to ensure the case progresses smoothly
• Second charge bridge application? Check with the existing lender that the current product allows any subsequent charges – confirm the current lending limit/balance on the DIP

SECOND CHARGE LOANS

Residential Second Charge Loans

• Loans available for any purpose, including: business use, tax bills, deposit raising for investment properties and 100% debt consolidation
• Loans available up to 85% LTV
• A range of BBR tracker and fixed rate products available that can accept prime customers and those with a less than perfect credit profile
• Loans available to self-employed customers with 1 year’s proof of income
• AVM valuation bypass accepted in many cases

Buy to Let Second Charge Loans

• Products for consumer and non-consumer buy to let and portfolio landlords
• Criteria can consider using the customer’s personal income to meet the ICR requirements (non-portfolio landlords)
• Customers can be up to 80 years of age at the start of the loan
• Interest only option available on all products

Packaging tips

• When would you use a Second Charge Loan? Watch our video here
• Got a case to discuss? Call Brilliant Solutions who have club and packaged access.

Top