Precise Mortgages

Precise Mortgages offer a range of fixed and libor tracker products that are 100% dedicated to the intermediary market. Products are tiered to meet individual circumstances, allowing your customers to get the cheapest mortgage rate based on their client profile.

Through AToM, you have access to the Precise Mortgages Residential, Buy to Let and Bridging product ranges via the AToM Mortgage desk. Secured products are available via AToM Secured.

If you are a Directly Authorised broker don’t forget to set AToM as your club route for Precise Mortgages in order to see their Core Range and all the exclusives you can get through AToM.

**Criteria Update**

Precise's Core Residential Product Range is now available on Interest-Only and Part and Part on Tiers 1 and 2

  • Up to 65% LTV on Interest-Only
  • Up to 75% LTV on Part & Part (max 50% I/O element)
  • Repayment Vehicles:
  • Sale of security property accepted
  • Sales of other property accepted
  • Savings, Investments and Pensions accepted

Precise Mortgages BTL Ranges through AToM

Precise Mortgages **Exclusive** BTL Products:

  • Ideal for Low Yield, High Value properties
  • 5 year fixed rate at 3.49%
  • Up to 75% LTV
  • Fees from 1.0%
  • Assessed at Pay Rate
  • Available to individuals and Ltd Companies
  • Tier 1 Adverse accepted
  • 2 Year Fixed rates starting from 2.59%
  • Up to 75% LTV
  • £0 Product Fee options available
  • Loans from £55,000 to £500,000
  • ICRs from 125%
  • Individuals can use earned income for 110% ICR
  • Available to Ltd Companies and Inidividuals
  • Available on HMOs up to 8 bedrooms

**Ltd Edition Small Loans BTL Range**

  • Loans from 25,001 to 55,000
  • Rates from 3.24%
  • Up to 80% LTV
  • Available to Individuals & Ltd Companies
  • Available on HMOs

Precise Mortgages Specialist BTL Range:

  • 2 year fixed rates from 3.09%!
  • 5 year fixed rates from 3.69%!
  • Tracker rates with no product fee!
  • Up to 80% LTV
  • 55,000 minimum loan
  • 5 year fixed rate options assessed on pay rate!
  • Refunded valuations and £300 Cashback available on remortgages
  • 5 Year fixed rates with fixed fee available
  • Available on HMOs
  • Available to Ltd Companies
  • Portfolio lending limit increased to £10mil! (max 20 properties with Precise)

Precise Mortgages Core BTL Range

  • Rates from 2.77%
  • Maximum 80% LTV
  • Min loan of £55,000
  • Fees can be added to the loan up to a maximum 88% LTV
  • New builds accepted, including flats up to 2 storeys
  • No portfolio limit with other lenders, up to 20 properties with Precise Mortgages (Max 5 million combined mortgages with Precise)
  • No minimum income requirements
  • Competitive rental income calculation – 125% of pay rate or revert rate!
  • Precise Mortgages even consider flats above commercial premises.

Who have Precise Mortgages produced this range for?
This might be the right mortgage range for your customers if they are:

  • First Time landlords
  • Experienced landlords looking to extend their portfolios
  • Self Employed
  • Landlords with high quality properties with a low rental yield
  • Clients who own a Buy to Let are not owner-occupiers
  • Older clients looking to refinance existing portfolios – maximum age 110

Precise Mortgages Residential Ranges through AToM

Precise Mortgages Core Residential Range:

  • 2 Year tracker rates from 3.15%!
  • 2 year fixed rates from 3.15%!
  • 5 year fixed rates from 3.55%!
  • 5 year fixed rates with no product fee!
  • Maximum 85% LTV
  • Terms up to 35 years for increased affordability
  • Fees can be added to the loan up to a maximum 88% LTV
  • Valuation refunds, zero product fee and free legal services available on selected Remortgage products.
  • Self Employed Mortgages are available with only 1 year's accounts and no minimum trading period
  • Fixed term contracts accepted
  • Up to 5 defaults and 3 CCJs in 24 months. No monetary limit up to 80% LTV.
  • Precise Mortgages have an exclusive DMP range through AToM if settled less than 3 years ago

Who have Precise Mortgages produced this range for?
This might be the right mortgage range for your customers if they are:

  • Looking for an alternative to mainstream lenders
  • Have a less than perfect credit history
  • Self Employed with only 1 years accounts, SA302’s and Tax overview OR Tax calculation and overview available
  • A First Time Buyer
  • Customer looking for affordability stretches
  • Precise Mortgages help any client declined by the high street

Precise Mortgages Help to Buy Product Range

  • Rates from 3.96%
  • Trackaer, 2 Year, 3 Year and 5 Year fixed rates available
  • Up to 75% LTV
  • Valuations refunded up to £630
  • 5 Year fixed rate products to assist with affordability
  • Customers with less than perfect credit profiles considered
  • Up to 5 Defaults in 24 months considered
  • Up to 3 CCJs in 24 months considered
  • Secured Arrears: worst status 1 in 12 months, worst status 3 in 36 months

Precise Mortgages Right to Buy Product Range

  • Rates from 4.69%
  • 2 and 5 Year fixed rates available
  • Up to 100% of the Discounted Purchase Price
  • Up to 75% LTV (based on the Open Market Value)
  • Zero products fees
  • 5 Year fixed rate products to assist with affordability
  • Customers with less than perfect credit profiles considered
  • Up to 5 Defaults in 24 months considered
  • Up to 3 CCJs in 24 months considered
  • Secured Arrears: worst status 1 in 12 months, worst status 3 in 36 months

Who have Precise Mortgages produced this range for?
This might be the right mortgage range for you client if they are:

  • Local Authority or Housing Association tenants eligible for the Right to Buy Scheme
  • Purchasing a house
  • Purchasing a property in England

Solicitors
Precise Mortgages use a selected panel of Solicitors. It is advisable for the client to use one of these. Clients can use their own solicitors, but must pay costs for Precise Mortgages solicitors as well.

To discuss Precise Mortgages call our sales team on 01403 272625 (option 2) or email us at sales.team@atomltd.co.uk