In the complex world of property finance, securing the right loan or mortgage can be a challenge. That’s where Precise Mortgages comes in, offering a range of specialized financial products that cater to the needs of intermediaries and their clients. Since 2010, Precise Mortgages has been a key player in the market, providing residential and buy-to-let mortgages, as well as bridging finance options, with a focus on simplicity, flexibility, and competitive rates.
This article will delve into the various financing options available through Precise Mortgages, how intermediaries can help borrowers access these products, and why their role is crucial in navigating today’s lending landscape. Additionally, we’ll address frequently asked questions (FAQs) to provide further insights for both intermediaries and borrowers.
Why Choose Precise Mortgages for Property Financing?
Precise Mortgages has established itself as a trusted partner for intermediaries, helping their clients secure the financial products they need for property investment and home ownership. With over a decade of experience in the market, the company has garnered a reputation for providing:
- Specialist Residential Mortgages: Tailored for individuals who may struggle to obtain loans through mainstream lenders due to complex income structures, credit issues, or unique property types.
- Buy-to-Let Mortgages: Designed for investors looking to purchase residential properties to rent out, offering flexible terms and competitive rates.
- Bridging Finance: Short-term loans aimed at borrowers who need immediate cash flow while awaiting the sale of a property or another longer-term financing solution.
Precise Mortgages’ offerings stand out due to their tailored solutions, which meet the needs of clients who often cannot secure loans from traditional lending institutions. Whether it’s due to adverse credit history, unconventional property types, or tight timelines, Precise Mortgages provides lending solutions that are otherwise difficult to obtain.
How Intermediaries Facilitate Borrower Access to Precise Mortgages
While Precise Mortgages provides excellent products for niche markets, these products are typically accessed through professional intermediaries. Here’s why intermediaries are crucial:
- Expert Guidance: Intermediaries are able to assess a borrower’s specific financial situation and recommend the most suitable loan products available through Precise Mortgages. They help navigate complex financial situations, such as irregular income streams or impaired credit histories.
- Exclusive Access: Many of the specialist mortgage products offered by Precise Mortgages are only available through intermediaries. This means that borrowers who wish to benefit from the low rates and flexible terms need to work with a professional intermediary service to access these options.
- Regulation and Compliance: Precise Mortgages operates in a tightly regulated environment. Intermediaries, such as UK Property Finance, work closely with Precise Mortgages to ensure that all transactions are compliant with the Financial Conduct Authority (FCA) regulations, offering peace of mind to both borrowers and lenders.
Key Features of Precise Mortgages’ Products
Precise Mortgages continually enhances its product portfolio to meet the evolving needs of the market. Below are some of the standout features of their residential and buy-to-let mortgage options, as well as their bridging finance solutions:
1. Specialist Residential Mortgages
These mortgage products cater to individuals with specific financial situations that traditional lenders may deem risky, such as:
- Impaired Credit Options: Precise Mortgages offers options for borrowers with a less-than-perfect credit score, making it easier for them to secure a home loan.
- Fixed Rate Deals: Residential mortgage options include 2-year, 3-year, and 5-year fixed-rate deals. Rates start from 6.29% for products with a 1% product fee, providing predictability and stability in monthly payments.
2. Buy-to-Let Mortgages
For property investors looking to expand their portfolio, Precise Mortgages offers competitive buy-to-let mortgage products. Features include:
- Flexible Terms: Available with 1-year, 2-year, 3-year, and 5-year fixed-rate options, allowing landlords to choose the term that best suits their investment strategy.
- Competitive Rates: Rates start as low as 4.59% for products with a 3% product fee, making these loans a cost-effective choice for investors.
- Fee Structure: Borrowers can opt for higher fees in exchange for lower interest rates, or vice versa, depending on their financial strategy.
3. Bridging Finance
For those in need of short-term financing, bridging loans are an excellent solution. Precise Mortgages offers bridging finance to cover temporary cash flow issues, such as awaiting the sale of a property. Key benefits include:
- Quick Access to Funds: Bridging loans provide immediate access to capital, helping borrowers avoid delays in property transactions.
- Competitive Rates: Precise Mortgages offers some of the most competitive rates in the bridging finance market, making it easier for borrowers to manage short-term financing costs.
Recent Updates and Product Enhancements
Precise Mortgages is continually updating its product offerings to meet the changing demands of the property finance market. Recent updates include:
- Product Transfers: The introduction of product transfer options allows borrowers greater flexibility in managing their mortgages. Whether it’s switching from one fixed-rate product to another or exploring fee-free options, the product transfer feature is designed to retain customers and provide them with ongoing support.
- Limited Edition Residential Range: In response to market demand, Precise Mortgages has launched a limited edition residential range with rates starting at 5.39% for products with a 1% fee. These offers are available for a limited time and provide borrowers with the lowest rates Precise has ever offered.
- Fee-Free Options: To cater to different borrower needs, Precise Mortgages has expanded its range of fee-free products, offering greater flexibility and choice for intermediaries and their clients.
Why Work with UK Property Finance as an Intermediary?
UK Property Finance is a leading intermediary that works directly with Precise Mortgages to provide borrowers with access to the best lending products available. Here are some reasons why intermediaries like UK Property Finance are essential:
- Direct Access to Lenders: As a second-charge loan broker, UK Property Finance has direct access to a select panel of lenders, including Precise Mortgages. This ensures that borrowers receive the best possible loan terms.
- FCA-Regulated: UK Property Finance is authorised and regulated by the Financial Conduct Authority (FCA), ensuring that all lending practices are transparent and compliant with UK regulations.
- Expertise in Bridging Finance: As one of the top bridging finance lenders in the UK, UK Property Finance is uniquely positioned to help borrowers secure short-term financing quickly and at competitive rates.
Frequently Asked Questions (FAQ)
1. What is a specialist mortgage?
A specialist mortgage is designed for individuals who may not meet the criteria of traditional mortgage lenders. This can include borrowers with impaired credit, complex income structures, or unique property types.
2. How do buy-to-let mortgages differ from residential mortgages?
Buy-to-let mortgages are designed for investors who intend to rent out the property they are purchasing. These mortgages typically have different lending criteria, including higher interest rates and larger deposit requirements compared to residential mortgages.
3. What is bridging finance?
Bridging finance is a short-term loan used to cover immediate cash flow needs, often while waiting for a longer-term financing solution or the sale of a property. Bridging loans are ideal for property buyers who need to act quickly in a competitive market.
4. Why should I use an intermediary to access Precise Mortgages products?
Many of Precise Mortgages’ specialist products are only available through intermediaries. Working with an intermediary ensures that you receive expert advice, access to exclusive products, and help navigating complex financial situations.
5. Are Precise Mortgages products suitable for borrowers with bad credit?
Yes, Precise Mortgages offers products specifically designed for borrowers with impaired credit histories. Their specialist mortgages provide options that are not typically available through mainstream lenders.
6. What are product transfers, and how do they benefit borrowers?
Product transfers allow existing borrowers to switch their mortgage products without refinancing. This can help borrowers access better rates or more suitable terms without the need for a new mortgage application.
In conclusion. Precise Mortgages offers a range of tailored financial solutions that meet the unique needs of intermediaries and their clients. With products designed for residential, buy-to-let, and short-term financing, Precise Mortgages is a valuable partner in today’s competitive lending landscape. By working with intermediaries like UK Property Finance. Borrowers can access these products with confidence, knowing they are receiving expert advice and competitive terms.
