When a customer comes to you with a new build property they’ve fallen in love with, have you struggled to place them with a suitable lender? Some high street banks may not be keen but we could help.
Our new build criteria gives your customer a better chance of realising their dream. Even if they’ve been declined by a high street lender, our extensive range of Help to Buy products could help to make that dream a reality.
The Government’s Help to Buy scheme is available exclusively to residential customers buying a new build property and offers extra funding for London properties.
The Government Help to Buy England (2021-2023) scheme is now available. When eligibility has been agreed by Homes England and an Authority to Proceed (ATP) issued, an application can be submitted to Precise Mortgages.
Before submitting an application on this product you should ensure your customer is aware of the implications of taking a Shared Equity Loan as part of the financing of the purchase of their home.
For further information on the Help to Buy shared equity Loan Scheme your customer should go to www.helptobuy.gov.uk for England gov.wales/help-buy-wales for Wales or www.mygov.scot/help-to-buy for Scotland, and ensure they fully understand how the scheme works.
BBR Trackers and reversion rates are variable rates that are linked to the Bank of England base rate. For new applications, any change to BBR will apply on our systems and documentation the next day. For existing accounts, any change to BBR will apply on the day of the change.
All of our BBR tracker products have a floor. This means that if BBR were to fall to 0.00% or less the rate payable will be 0.00% plus the agreed set percentage above BBR. This means that the rate payable will never go below 0.00% plus the additional percentage rate of the tracker mortgage.
Download our combined residential and buy to let mortgage submission guide to help provide a smooth application process for you and your customer.