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Precise Mortgages enters Right to Buy market

Specialist lender Precise Mortgages has announced a new range of products for tenants using the Right to Buy Scheme. 

Highlights of the range include loans of up to 100% of the discounted purchase price, a maximum loan up to 75% of the market valuation and five-year fixed rate products available.

The range also offer some products with a zero product fee option and opportunities for borrowers with a 'less than perfect' credit profile.

The Right to Buy scheme enables council and housing association tenants to purchase the home they have been living in at a discount of up to £103.900 in London, or £77,900 outside of the capital.

“The Right to Buy range builds on our previous support of the Help to Buy Equity Loan scheme," explains Alan Cleary, director of Precise Mortgages.

"This demonstrates our ongoing commitment to support government initiatives and borrowers who have been excluded by high street lenders.” 


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