For cases with a gross LTV of 50% or less the lender will normally only require a completed application form from the broker subject to its own checks, and a satisfactory valuation. Earlier in the month the lender also increased its procuration fees for brokers by 25%.
Alan Cleary, managing director of Precise Mortgages, said:
“We are well known for constantly aiming to improve service and this move means that for low risk cases there is less paperwork and improved turnaround times.”
