Precise enters Right to Buy market

Precise Mortgages has launched a new range of products for tenants using the Right to Buy scheme to purchase their existing home.

Related topics:  Mortgages
Rozi Jones
5th October 2016
alan cleary precise 2015
"The Right to Buy range builds on our previous support of the Help to Buy Equity Loan scheme."

Loans are available up to 100% of the discounted purchase price and up to 75% LTV of the open market valuation.

The range will include five-year fixed rate products with some products offering a zero product fee option.

Precise also confirmed that options will be available for customers with adverse credit.

The Right to Buy scheme helps eligible council and housing association tenants in England buy the home they have been living in, by offering a discount, of up to £103,900 in London or £77,900 outside London, on the price of the property.

Alan Cleary, Managing Director of Precise Mortgages, commented: “The Right to Buy range builds on our previous support of the Help to Buy Equity Loan scheme. This demonstrates our ongoing commitment to support government initiatives and borrowers who have been excluded by high street lenders.”

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