Precise Mortgages is the one stop lending shop for Home Owner and Buy to Let mortgages as well as Bridging loans...
Precise Mortgages is a lender which specialises in the Intermediary market offering a range of long term and short term lending. Precise Mortgages distributes its products exclusively through the mortgage intermediary market.
Mortgage Product Range
Our wide spectrum of mortgage products span from Almost Prime through to Near Prime on the Home Owner range and Prime through to Near Prime on the Buy to Let range. Our Up and Down Cascading approach means that our online mortgage platform will always find the best products we have available for the borrowers individual credit score.
Home Owner - we understand that in today's environment it’s not easy to get a mortgage if you have CCJs, Defaults, or Mortgage Arrears, which is why we have produced a range of mortgage products to help customers who may be struggling to get a mortgage from a high street lender due to minor blips in their credit profile.
BTL Prime - this range is ideal for landlords who have clear credit history and are looking to manage a small residential property portfolio.
BTL Near Prime - our BTL Near Prime products are ideal for landlords who have a blip on their credit profile and are looking to manage a small residential property portfolio.
Bridge to Let - our Bridge to Let product allows your customers to simply take a Bridging loan to complete the purchase and refurbishment works and then switch onto a traditional Buy to Let mortgage with us anytime from month four onwards.
Bridging Loan Product Range
Our broad range of market leading Bridging and refurbishment loans are ideal for customers who need to access funds quickly or are buying a property to refurbish. The uses for Bridging loans are varied, the main feature of our range is the flexibility of the product, common uses for our Bridging loans can be viewed here.
We have significant funding and resources to ensure that your customers get the loan they want, when they want it.
Precise Mortgages comprises of some of the most experienced and respected people in the industry, and is supported by a skill base across the entire mortgage lifecycle. We pride ourselves on the knowledge and dedication of our people who all have an outstanding track record in their field.
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 either Roger Morris on 07774 495810 or 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
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.
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.
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.