Precise Mortgages

​​​​Precise Mortgages offer a range of buy to let and residential second charge loans.  These loans are available for any loan purpose, including offering a quicker alternative to a traditional remortgage.

Our directly authorised advisers have the choice of submitting their second charge loan cases direct to Precise Mortgages via PMS, or through our panel of preferred Master Brokers.

Procuration Tables

Gross fee paid by lenderProcuration fee to intermediary

Residential                     0.60%
Buy to let                        0.60%
Bridging                         1.75%
Fee free bridging          1.00%
Second charge loans   1.50%

All information correct as at 10/05/2017

Residential                ​0.50%
Buy to let                   0.50%
Bridging                     1.30%
Fee free bridging      0.90%
Second charge loans 1.25%

All information correct as at 10/05/2017


Precise Mortgages range of residential and buy to let mortgages offer both fixed and tracker products, which are tiered to meet individual circumstances - allowing your customers to get the cheapest rate based on their credit profile.

Buy to let mortgage key highlights

  • Use income to support a rental shortfall above an ICR of 110% calculated at pay rate
  • Ideal for low yield, high value properties 
  • Available on any core buy to let product including short term fixed rates and trackers
  • Applicable to non-portfolio landlords 
  • Individual tax circumstances by creating bespoke ICRs – click here to use our buy to let calculator
  • Adverse credit profiles, including CCJs and defaults, considered across range
  • Portfolio landlords (accept up to 20 individual buy to mortgages to a combined value of £10 million)
  • Self-employed with 1 year’s figures
  • Lending into retirement (maximum age of 80 at application with terms up to 35 years)

Specialist buy to let products available for

  • Limited Companies
  • Houses in multiple occupation (up to 8 bedrooms and 2 kitchens)

Useful documents

Residential mortgage key highlights

  • Adverse credit profiles, including CCJs and defaults, considered across range
  • Debt management plans accepted
  • Self-employed with 1 year’s accounts
  • LTVs up to 85% plus fees
  • Right to Buy scheme and The Help to Buy: Equity Loan Scheme accepted
  • Products for New Build properties

Bridging finance key highlights

  • Regulated and non-regulated bridging finance (property investor)
  • AVMs (automated valuation model) available for standard bridging products
  • Products for standard bridging, light/heavy refurbishment
  • Available for first and second charges
  • Joint legal representation available to help with costs


Second charge loans

Key product features – buy to let second charge loans

  • Earned income accepted on buy to let second charge loans. 
  • Lifetime Bank of England base rate trackers
  • 2, 3 and 5 year fixed periods reverting to Lifetime Bank of England base rate trackers
  • Capital and repayment or interest only
  • Product fees start at £495

Key product features – residential second charge loans
  • 2 year Bank of England base rate trackers
  • 2 and 5 year fixed periods reverting to Lifetime Bank of England base rate trackers
  • Capital and Repayment
  • Up to 85% LTV
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How to submit a second charge loan case to Precise Mortgages

Useful numbers

Precise Mortgages have a dedicated contact number available if you wish to discuss a case you are looking to submit direct via our club route on 0333 240 6054. 


2 Charter Court
PO Box 6037

For enquiries

Intermediary & underwriting support team
Call: 0800 116 4385/0333 240 6084
Email: [email protected]

Second charge loans
Call: 0333 240 6054

Jamie Pritchard - Head of Sales
Call: 07931 172422

View the full sales team here

Dedicated packager line
Call: 0333 240 9124​

Registration process

New user - register via the website and click "Log in" and follow the instructions.