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Precise Mortgages, 2 Charter Court, PO Box 6037, Wolverhampton, WV1 9QW

Precise Mortgages

As the UK's leading specialist lender*, Precise Mortgages has been helping customers under-served by high street lenders or those with a less than perfect credit profile since our launch in 2010.

We believe that although your customer's case may be complex, applying for it shouldn't be. Our award-winning range of Buy to Let and Residential Mortgages, Bridging Finance and Second Charge Loans is designed to help you get the mortgage or loan your customer needs as quickly and easily as possible.

But don't just take our word for it. Our research** has found that:

- 98% of customers agree that our products met their mortgage needs
- 95% of customers agree our communications are clear and easy to understand
- 94% of customers received their mortgage in time to complete on their required date

* BVA BDRC Landlords Report Q3 2019 ** Research conducted directly with customers of Precise Mortgages Q3 2019

Key Features Tools & Calculators

Paid by PMS

For details of when your proc fee will be paid, please click on the button below.

Paid by PMS

Proc Fees

Product	Gross	Net
Almost Prime	0.6%	0.5%
Near Prime Residential & BTL	0.6%	0.5%
Bridging	1.75%	1.30%
Fee Free Bridging	1.00%	0.90%
Second Charge Loans (Procuration fee paid by PMS)	1.5%	1.25%
Product Transfers	0.30%	0.28%
Refurbishment Buy to Let - Bridge	0.60%	0.50%
Refurbishment Buy to Let - Buy to Let	0.60%	0.50%

Proc fees - when your proc fee will be paid

Product Type	When does the lender pay PMS?	Frequency
All	Within 5 working days of completion.	Twice a week.

Lenders send payments by BACS which can take anything up to 5 working days to clear at PMS. PMS then make payment to brokers once the funds have cleared in our account.

Overview

Post Code Restrictions:

Please refer to our criteria guides for more information regarding any postcode restrictions.

Register

Register to place business with Precise Mortgages:

*Please select that you are a PMS Mortgage Club member when registering, placing business or checking existing payment route to ensure you receive the procuration fee quoted by PMS.

Buy to Let Mortgages

Portfolio landlords – we accept up to 20 individual mortgages to a combined value of £10 million (unlimited with other lenders)
HMO and limited company products available

Residential Mortgages

Self-employed customers with 1 year’s figures accepted
Customers with less than perfect credit histories, including CCJs, defaults, DMPs and unsecured/secured arrears considered

Bridging Finance

Refurbishment Buy to Let proposition gives customers access to short-term finance to enable them to purchase and refurbish a property before exiting onto a long-term Buy to Let Mortgage
Could be the solution if your customer wants to buy a new home whilst waiting for their current one to sell, or if a sale is in danger of falling through because of chain break

Second Charge Loans

Could be suitable for customers looking for an alternative to a remortgage
No early repayment charges if your customer decides to repay all or part of their loan early and no assessment fee for cases submitted to us direct