Precise unveils exclusive near-prime products

Thursday 2nd August 2012

Precise Mortgages, the specialist intermediary lender, has launched a series of exclusive products covering both near-prime home owner and near-prime buy-to-let loans.

The exclusive products have been made available to PMS, Sesame, Legal & General, Openwork, PTFS, Pink Home Loans, First Complete, AToM, 3mc, Brightstar Financial and TBMC.

Highlights include new two, three and five-year fixes and the raising of the maximum buy-to-let loan from £300,000 to £500,000.

The move follows the revamping of the Precise range last month, making products more keenly priced and loosening criteria.
 
Alan Cleary, managing director of Precise Mortgages, said: “Our recent launch of the new near-prime home owner and BTL products has instantly had a positive effect on volumes and we have already accepted £46m of new business on the new products. 

“The exclusives are designed to further promote our products whilst rewarding our leading distributors for their continued support.

“As we have said, we have money to lend and are proactively finding ways to make it happen.”