Are you up to speed on how Precise Mortgages can help your clients?

Thursday 18th June Promise is having a Precise Mortgages day and whether you think the case fits Precise or not, we want to hear from you as Precise will be onsite. This includes, first mortgages, bridging, seconds and BTL’s.

Please send your referrals over as soon as possible so we can prepare any unusual cases and speak to the lender on your behalf.
Naturally we can give quotations from our other 20 lenders too and don’t hang on to any urgent cases. We can still turn those around immediately but sometimes face to face yields better results.

Key features from the Precise Mortgages product range:

Second charge loans

  • Rates from 4.85%
  • Self employed 1 year
  • Low lender fees and no ERC’s
  • Adverse over 12 months not counted
  • 6 X LTI
  • Up to 85% LTV

BTL mortgages

  • No minimum income (must cover rent voids & maintenance costs)
  • No proof of income
  • No bank statements (on Tier 1 or lifetime trackers up to £1m)
  • First time landlords acceptable
  • Non owner occupiers considered
  • Lending in Scotland as well as E & W
  • Bridge & Let (can do a Precise bridge and 6 month min ownership rule waived so can take out with a Precise BTL after one month - ideal for landlords purchasing at auction)

Bridging / short term

  • Rates from 0.65%
  • LTV’s to 75%
  • Regulated and non regulated first charges
  • Second charges available
  • No exit fees or ERC’s
  • Standard or heavy refurbishments
  • In house client solicitors for faster completions

Long term Residential mortgages

  • 1 Year Self employed figures required up to 85% (regardless of trading term)
  • Only HMRC Tax Calculation and Tax Overview required as proof of income
  • Unlimited capital raising / debt consolidation to 85% (including unencumbered properties)
  • Changes in self emp trading styles in last 12 months acceptable
  • Can consider payday loans
    Limited Co. Directors - can use 100% of pension, company car and PHI contributions as well as salary & dividends 
  • Unsecured credit arrears not taken into consideration 
  • Can capital raise for business purposes (not bailouts or new ventures where our income affected)

For instant results call your underwriter on 01902 267443 or source quotes from over 500 loan plans online now.

Report Post 15 Jun 2015, 12.47 pm
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