Precise Mortgages

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

 

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%
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: Lender-InfoBoxWhite

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

Register Lender-InfoBoxWhite

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.

Register

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

Tools & Calculators

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