Highlights are:
- An interest only option across the entire near prime range
- Self employed customers who have been trading for two years, now only to need produce one year of accounts
- Maximum loan size increased to £1million
Alan Cleary, MD of Precise Mortgages says:
“It is a tough market for mortgage customers but we are committed to finding ways to help borrowers who have been shunned by high street lenders.
"These changes will enable brokers to help more of their customers unlike high street lenders’ branches who, despite all the hype, only sell their employers mortgages.”
Dev Malle, Sales & Marketing Director at Personal Touch said:
“Precise has a knack of not only understanding the market and client needs but then acting upon them to give the intermediary the solutions, which, as part of the advice process, gives them an advantage against single tied high street lenders.
"In particular, many self employed clients have been disenfranchised since the market tightened. Many of these customers are good quality lending risks and it is important that Precise has recognised this and changed their criteria accordingly.
"Thank you for another intermediary win.”
