The Precise product range include regular mortgages for customers with an impeccable credit rating, but they also provide mortgages for people with a few minor imperfections in their credit histories. The company has recently opened up its product range to include first time buyers
and purchasers of new-build properties.
Customers can access short term and long term lending options through Precise Mortgages. They provide mortgage products for residential and buy to let
customers, plus bridging loans and second charge mortgages.
Residential mortgages from Precise include a selection of fixed price and tracker
mortgage products. Self-employed customers are accepted by Precise. Customers with no other income apart from a pension will also be considered subject to affordability checks.
Residential mortgages are suitable for home movers, customers looking to re-mortgage
, and first time buyers.
Precise Mortgages offers instant decisions on mortgage applications, even out of hours. The online application system is available 24/7 so customers don’t have to wait for days to hear whether their application has been successful.
Landlords can choose from a selection of buy to let properties of up to 80% loan to value. Buy to let products are suitable for first time landlords and landlords looking to extend an existing property portfolio.
Bridging loans from Precise are suitable for customers in need of short-term finance for purchasing a property at auction or expanding a buy to let property portfolio. There is no limit on the amount that can be borrowed in short-term finance.
Second charge property loans can be used to generate funds for home improvements, as a deposit on another property purchase, or even to pay a tax bill. Second charge loans are suitable for customers who prefer to leave their existing mortgage intact.