The packager exclusives are aimed at the Near Prime residential market with some options allowing defaults, CCJs and missed mortgage payments. Options also include a refund of valuation costs and £250 cash back.
Dale Jannels, Managing Director at AToM said:
"We have worked closely with Precise Mortgages for some months and they certainly are a lender who listens and are at the forefront of product innovation. These Near Prime fixed rate products are a good offering and cater for defaults, CCJs and also recent missed mortgage payments. We’re seeing a huge increase in this sector of the market, so these products are aptly timed.”
Other details include – up to 75% LTV, £1,495 to £2,495 arrangement fees (can be added), maximum loan £300k, early repayment charges in fixed rate period only. Normal valuation and legal fees apply.
Jannels added:
“We’re also really impressed that Precise Mortgages have gone one step further and launched some super Near Prime Buy to Let products. This is a gap in the market and these products will assist those enquiries that currently do not have a home. “
Roger Morris, Precise Mortgages Sales Director commented:
"We continue to listen and support the intermediary market, and we hope that the new products will help brokers service good customers who may have a slight blip on their credit profile.“
