This is the lender’s largest advance since inception in December.
The case was introduced to Y3S Loans by a Surrey-based mortgage broker on behalf of a client who was looking to move quickly on the purchase of an investment property. Speed of service as well as best rate were of the essence to the client. It made no financial sense for the introducing broker to remortgage the client away from their first charge tracker mortgage with Santander.
Precise Mortgages were able to confirm a rate of 5.7% at 50% LTV and the loan was completed in a couple of weeks.
Commenting for Precise Mortgages was Director of Secured Loans, Simon Carr:
“You would expect me to say that this was a particular tricky case - it wasn’t for Precise Mortgages. Y3S Loans, the introducing broker and the Underwriting and Sales teams at Precise Mortgages worked effortlessly to bring about this completion. It’s a credit to all involved. We are open for business!”
Matt Cottle, director at Y3S Loans, said:
“This is the kind of application that goes straight to Precise Mortgages. Large advances, super prime cases where the rates cannot be beaten are Precise Mortgages’ bread and butter business. It’s a pleasure to deal with them.”
