Following the recent Near Prime BTL and Home Owner launch, Precise Mortgages has today launched a range of Prime Home Owner mortgages designed to compete directly with high street banks. The range is focused at borrowers in the south of the country.
The new products are priced from as low as 3.49% for a two year fixed with an arrangement fee of £995. There is also a remortgage option which comes with a refund of the valuation fee and £250 cashback to help with legal fees. The product range comes with some post code restrictions which can be viewed on the lender’s website.
Precise Mortgages now offer the broadest mortgage product range of any UK lender so brokers will be able to find a suitable product for most borrower’s circumstances. Their online systems give brokers an instant decision and now that the lender offers Prime as well as Near Prime it will be able to give a positive decision in most cases. Borrowers with the best credit scores will be offered the lowest priced products, whilst borrowers with slightly less than perfect scores will still have access to very competitive deals.
Alan Cleary, Managing Director of Precise Mortgages said:
“Whilst many recent lender announcements have been about direct only products we remain 100% committed to the intermediary market. Our online system gives the broker the ability to get a decision in just a few minutes and whether the borrower has a perfect credit history or not we should be able to offer a very competitive product. This will save brokers a lot of time and hassle and will give borrowers the certainty of a decision they require.”
Initially the products are semi-exclusives available to brokers via First Complete, Legal and General Mortgage Club, Openwork, Personal Touch Financial Services, Pink Home Loans, PMS, Sesame, Simplybiz.
For further information visit www.precisemortgages.co.uk