Here at Precise Mortgages we’re keeping our portfolio process simple to save you time. Our dedicated Portfolio Team will key the additional information the new underwriting rules call for on to our system for you.
You can use our simple forms, the landlord’s forms, or even another lenders’ forms to provide:
We have produced a handy list of Portfolio submission requirements to identify the documentation we require.
LIBOR Trackers and the reversion rate are variable rates that are linked to 3 month LIBOR and will change quarterly on 12 March, 12 June, 12 September, 12 December. Please note if this date falls on a non-working day then the LIBOR rate will be taken on the previous working day.
All of our LIBOR tracker products have a floor. This means that if LIBOR were to fall to 0.00% or less the rate payable will be 0.00% plus the agreed set percentage above LIBOR. This means that the rate payable will never go below 0.00% plus the additional percentage rate of the tracker mortgage.