Established by industry experts, Precise Mortgages is a new breed of mortgage lender exclusively dedicated to the intermediary market. We are bringing new money into the UK mortgage market which will help you to help borrowers who have been locked out of getting a mortgage on the high street.

About Us

Precise Mortgages deliver innovative products for residential home loans, buy to let, bridging and second charge loans, which are available solely through a nationwide intermediary base.

Our mission is to broaden the criteria for mortgage approval to support brokers and their customers. We aim to help serve those borrowers that are unserved by mainstream lenders, by providing you with award winning products and service, whist offering your customers a genuine alternative.

We consider every case as unique, assessing cases using the latest automated underwriting technology, but placing the final lending decision with a team of highly skilled underwriters. This approach allows us to ensure that applications are thoroughly and fairly assessed.

Simply put, we are committed to supporting those who don’t fit the criteria of mainstream lenders and helping meet their needs.

Home Owner

Our Home Owner products have been designed to offer an alternative to mainstream lenders and accept First Time Buyers, New Build purchases, Self Employed applicants as well as accepting customers that may have a less than perfect credit history.

Buy to Let Mortgages

We offer a wide range of products available to help Landlords that are looking to manage a small residential portfolio, including those that may have a less than perfect credit history. The range offers products that accept First Time Landlords, as well having no minimum income requirements.

Bridging Loans

Our broad range of bridging and refurbishment loans offer customers flexible and quick access to funds. With various uses for bridging loans, our multiple funding sources ensure customers get the loan they want when they want it.

Second Charge Loans

We can respond to individual customer circumstances effectively with market leading products. Second charge loans can be used to meet various needs including acting as an alternative to remortgaging, as a business loan or as a deposit for property investment.

Service Standards

Instant decisions when you need them...even out of hours

Precise Mortgages strives to provide a first class service to all its customers. Our people are at the heart of our service offering and our experienced dedicated support teams will pull out all the stops to ensure that your case is handled quickly and efficiently.

  • Instant Mortgage decisions – we use the latest technology and scorecards to give you a decision on your Home Owner and BTL cases within minutes. Plus, the online system is available 24/7, every day of the year.
  • Up and Down Cascading - our online mortgage system will always find the best products we have available for your customer's individual circumstances.
  • Soft Footprint – our online mortgage system only leaves a soft foot print, meaning if you use our system to get a decision on your case it won’t have a detrimental effect on your customer’s credit profile.
  • Online mortgage offers with automatic SMS text message case updates. View the system user guide here.
  • Instant Bridging decisions - To get an instant decision on your Bridging cases, call our Intermediary Support Team on 0800 116 4385, between 9am-6pm. Alternative if your query is out of hours, call Gareth Lewis on 07432 124185
  • Fast Track service for non-regulated bridging loans which are less than 50% LTV
  • Premier Panel for Bridging Loans - Let our Premier Panel do the work for you...view details of our Premier Panel partners here.
  • Direct access to underwriters
  • Dedicated support teams
  • Freephone numbers

Conveyancer Panel

Precise Mortgages operates an approved Conveyancer Panel in order to mitigate financial crime. The selected firms on our panel have been chosen to reflect the Precise Mortgages’ ethos and as such are efficient and renowned for providing a quality service.

View further information on our Conveyancer Panel and fees here.


Valuation Panel

We are delighted to be working in close partnership with Colleys Surveyors for both Mortgages and Bridging loans. Colleys have a nationwide network of valuation professionals offering an excellent service to customers, mortgage intermediaries and lenders.

Click on the links to view further information on Colleys.

If the loan relates to a Bridging Loan and the property is based in London we also use De Villiers Surveyors and Ord, Carmell & Kritzler.


Procuration Fees

 

Prime, BTL and Near Prime Mortgages

If you have submitted your case via a network or packager the procuration fee payable to you is up to 0.50%, amount payable to you is dictated by your network or packager.

As a guide we pay procuration fees to you or your chosen Network, Club or Packager within 5 working days. You may receive your payment sooner or later than 5 days depending on when your chosen submission route distribute their procuration fees to you.

If you choose to submit your case direct to Precise Mortgages the procuration fee payable to you is up to 0.40%  and will be paid within 5 days.


Bridging Loans - Procuration Fees

Our procuration fees to Networks and Packagers vary, if you have submitted your case via NACFB, a network or a packager the amount payable to you is dictated by them. As a guide you can expect to receive up to 1.30%.

We pay procuration fees to you or your chosen Network, Club or Packager within 5 working days. You may receive your payment sooner or later than 5 days depending on when you’re chosen submission route distribute their procuration fees to you.

If you choose to submit your case direct to Precise Mortgages the procuration fee payable to you is up to 1% and will be paid within 5 days.


Distribution

We distribute our products through mortgage intermediaries on a direct basis and through the vast majority of networks, club and specialist distributors on our panel. Our Bridging products are also available via the routes above and also to NACFB members. Please refer to the product guides for a full list of distribution partners.