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Precise Mortgages second charge product changes

Posted: 09/08/2017

Precise Mortgages’ have launched some exciting new additions to their second charge mortgages, including the introduction of a near prime range, lower rates on 2 and 5 year fixed products and improved affordability to help more customers get the loan size they want. A summary of all of the changes is listed below.

We would like to add that Ingard can help you place second charge cases with any of the 12 second charge lenders that we have on panel. Our team will provide all of the advice, refer the client back to you if they require any additional services and Ingard will pay you 50% of the proc fee and broker fee.

NEW Precise Mortgages second charge product changes:

  • Loans now available up to £500k without the prior need to refer (rates from 3.95%)
  • Near prime range introduced for customers with adverse (rates from 4.45%)
  • Score reduced for customers borrowing up to 85% LTV
  • Income multiple caps increased to help more customers get the loan size they want
  • 2 and 5 year fixed rates reduced across the product range

Here to Help

For help placing a case, contact our Specialist Lending & Protection Team:
call us on 01702 538 800 or request a call back