Precise Mortgages

Vicki joins Precise Mortgages having spent 28 years at Nationwide Building Society where she was most recently London Underwriting Manager.
Precise Mortgages, the Intermediary only lender has recently entered the mainstream market with a suite of highly competitive mortgage products which beat many of their high street lender rivals not only on upfront rate and fees but also on reversion rates.
Vicki Kingston says, “having spent my career working for one lender it will be great to replicate my success with Precise Mortgages, it is a very exciting challenge.”
Alan Cleary Managing Director of Precise Mortgages added, “Vicki is very well known in the Central London mortgage market and was in fact referred to me by a number of mortgage brokers.  Vicki will help us promote our mainstream products to a wider audience and I am sure she will hit the ground running.”

Precise Mortgages, the intermediary only lender, is improving two parts of its lending criteria today, which will help brokers to help their customers obtain BTL and Near Prime mortgages.

For all BTL applications, the lender has removed its minimum income requirement. Rather than prove income borrowers will only need to provide 3 months bank account statements so that the underwriter can treat each case on its individual merits and confirm that the account is well maintained. This will make it easier for brokers to help borrowers, some of whom may find it difficult to meet the minimum income hurdle required by most lenders.

Near Prime criteria has also been changed, with the maximum loan being increased from £300,000 to £500,000 in line with borrower demand.

Alan Cleary, Managing Director of Precise Mortgages comments, “these changes are a common sense approach to underwriting which will allow good quality borrowers to obtain mortgages they otherwise may not have qualified for because of arbitrary rules. We have considered these changes very carefully to ensure we continue to lend in a responsible and compliant manner and within our credit risk mandate.”

Precise Mortgages, the intermediary only lender, has given one lucky mortgage broker a £2000 cash prize in time for Christmas. By registering with Precise Mortgages Graham Carver of York FM Ltd was randomly selected to win the prize.

The incentive was designed to promote Precise Mortgages’ mainstream mortgage range, which offers very competitive rates and fees as well as one of the lowest reversionary rates in the market.

Alan Cleary, Managing Director of Precise Mortgages cheeringly commented, “Congratulations to Graham for winning the prize but also a big Thank You to all mortgage intermediaries who have supported us throughout the year. Without intermediaries we wouldn’t have a business and we hope to serve them well in 2013.”

Precise Mortgages, the intermediary only lender, will be giving one lucky mortgage intermediary £2,000, available in their account on the 21st December 2012, just in time for Christmas.  By registering with Precise Mortgages by the 17th December 2012, not only will someone be in with a chance of winning, they can also access the recently launched Mainstream product range that offers the following fantastic features:

› 2.89% 2 Year Fixed rate, no product fee at 75% LTV
› 3.39% 2 Year Fixed rate, no product fee at 80% LTV
› Both products linked to BBR with a 3.99% reversionary rate
› On average, application to offer is 15 days
› An initial decision online in just 8 minutes!

By registering, brokers also have access to the newly launch Near Prime and BTL ranges too.
Brokers can register to do business with Precise Mortgages in three easy steps, by clicking on the registration button from the homepage www.precisemortgages.co.uk

Visit www.precisemortgages.co.uk  for full details and Terms and Conditions.