I just wanted to give you the heads-up on more great news from Precise Mortgages!  

With effect from next Tuesday 16th June, Precise Mortgages will now be considering purchases as well as remortgages on our HMOs up to 6 beds and 6 unit MUBs.

I appreciate that there has been a number of changes over recent weeks and that is why I wanted to take this opportunity to highlight just some of our key selling points that are available:

Highlights of our long term lending criteria include:

Buy to Let Mortgages

•. 6 bed HMOs purchases and remortgages now considered

•. Multi-unit BTLs (MUBs) purchase & remortgages now considered

•. Portfolio lending available

•. Personal and Limited company structures of ownership

•. Joint tenancy and tenants in common available                               

•. Adverse considered – please see the product guide for details

Bespoke ICRs – brokers should refer to our buy to let calculator at www.precisemortgages.co.uk/BuyToLet/Calculators             

Residential Mortgages

•          Help to Buy for purchase only

•          New Builds and Studio Flats accepted 

•          Consider both the employed and self-employed

•          Unsecured arrears are not counted but may affect the customer’s credit score

•          Adverse considered – please see the product guide for details

Applications for properties in Wales and Scotland continue to be welcomed. However, until physical valuations are available we will be unable to process these cases fully

We always appreciate your support in marketing our update criteria to your intermediaries and if there is anything that we can do to support you cascading this information to your staff and your databases please just let myself or the key accounts team (Liza, Ian, Jon or Laura) know. 

Please find below an example marketing introduction that you are more than welcome to use in the promotion of this exciting addition to the current Buy to Let rate. 

With HMOs & Multi Units(MUBs) continuing to be the highest rental yields Precise Mortgages expand their range to include purchases

Precise Mortgages have expanded their 6 bed HMO & MUB products on first charges to include purchases as well as remortgages.  For more information click on the relevant product guide.

·         Buy to Let <please link to:

**These guides will be updated online with effect from Tuesday 16th June**

Source: * BVA BDRC Landlords Panel April 2020

Please remember that our Sales Team are always available and would be happy to discuss these changes and the products detailed above.

Take care all and thank you in advance for your support.