The cheapest two-year residential mortgages are as low as 1.2% and there are five-year fixed rates of about 1.5%. Applicants typically need at least 25% equity in their property to benefit from the lowest prices, and they tend to have an arrangement fee of £999. Halifax, HSBC and Santander for intermediaries have great prices. For short-term loans, fill out the short-term loan form below and scan and email it to info@3-mc.com We offer a free broker matching service that can match you with the right advisor for your needs and situation. This will be a fully verified expert who specializes in resolving any issues that have prevented you from obtaining a mortgage from Precise. Precise Mortgages has a limited selection of fixed-rate mortgages for existing customers who want to refinance for a better deal after their interest rate expires. The following is a list of Precise Mortgages` existing customer rates as of May 2020. Trinity Financial brokers are required to complete a fact-finding form and provide some form of identification to change prices in order to meet our compliance checks. If Precise has denied you a mortgage or you think they will, don`t panic at first. Help is available in the form of professional advice from a mortgage broker. The right mortgage professional has the skills and expertise to help you salvage your home purchase plans, no matter why Precise wouldn`t give you loans in the first place.
Many mortgage lenders cover the cost of property appraisal and legal fees to reduce the cost of switching to another provider. Welcome to our document download area. Here you will find all the information and documents you need for our residential and purchase mortgages as well as our bridge and second load loans. There isn`t much difference in price between the lowest mortgage rates and lease-purchase mortgages, although brokerage fees tend to be slightly higher. The Mortgage Works, Santander and Barclays have some of the lowest lease purchase interest rates. Trinity Financial has access to a wide range of residential and rental home lenders that offer fixed mortgages and trackers. Trinity Financial`s mortgage brokers have been processing specific mortgages for years and we have access to their product transfer mortgages. Product transfer rates are designed to allow existing borrowers to reduce their monthly payments without re-reporting their income data or financial situation.
This includes lenders` affordability calculators, including gateways – beware of legal fees, as they may not show up on the calculators. Precise Mortgages is a specialist provider, which means they can be more flexible with their lending criteria than large banks and building companies. However, they can be strict with customers with severe forms of adverse loans, such as debt management plans, defaults less than two years ago, or redemptions within the last six years. All personal limited liability guarantors must seek independent legal advice from a lawyer. The lawyer who provided the advice will then send us a signed legal confirmation letter accompanied by a certificate of warranty and indemnity from the lawyer acting on our behalf. Again, completion is delayed by failure to receive signed copies of any of these documents. Visit www.precisemortgages.co.uk, click on one of the product logos, click Register/Login and enter your FCA number, this must be completed before you can submit an AIP. Intermediary and Underwriting Support Team: enquiries@precisemortgages.co.uk | 0800 116 4385 As a specialist lender, Precise offers a range of impaired mortgages for otherwise eligible clients with all sorts of issues on file, from arrears to relieved bankruptcies. However, there are specific credit issues that trigger an automatic rejection of Precise. Retirement mortgages aren`t Precise`s specialty, so if you apply for one with them, you`re right to consider the possibility that you might be turned down. Expect to be scrutinized if you are 75 years of age or older at the time of your application. 1.
The rightful owner is different from those who are responsible for the mortgage. 2. The money is lent to a company 3. They are guarantors 4. You are parents lending to your child(ren) Applicants can provide this by calling 0333 240 6180 or by completing the Product Transfer Authorization Letter and emailing Precise`s Product Transfer team at PreciseProductTransfers@precisemortgages.co.uk. Yes. Precise offers a range of mortgages for the self-employed. You must have been self-employed for at least one year to be eligible, while other criteria vary. We are committed to ensuring that our customers have easy access to the information they need about the products we offer and all the help they need with an existing mortgage. Our catalog of useful information has been created to provide all this information in one place. If you`re a homeowner who needs extra funds to renovate a property you want to buy as an investment, Precise`s redevelopment mortgage isn`t your only option. Many lenders offer “bridge to lease” mortgages, so it`s worth talking to a broker who specializes in this market to find out which one offers the best deal for you.
Visit Precise and fill out the online registration form and select Legal and General as your payment method. Apply a few caveats to your stand-alone mortgage products. For example, you will be rejected if you made a loss in the last year or if you only want to take out a loan based on last year`s income. If your application was denied for one of these reasons (or another), keep in mind that an independent mortgage broker may be able to find loan options for you elsewhere. Precise`s lowest two-year fixed lease purchase rate for existing customers is 3.49%, rising to 3.89% for those seeking a five-year solution. Residential mortgage rates are more expensive, starting at 4.19%. These mortgages have no brokerage fees and after the set period, interest rates are reset to the Bank of England`s base rate trackers. This should be at least 4.75%. Whatever problem you`ve encountered with Precise, we can pair you with a broker whose specialty is solving it.