Precise mortgages customer reviews customer reviews are a great way to see what people think of this specialist lender. It is a mortgage firm that provides loans to customers even when they have been rejected by other mainstream mortgage firms because of poor credit rating. Several people who need mortgage loans on their properties have been denied by these regular mainstream mortgage firms and precise mortgages are here to help them out.
The company was established in 2007 and is based in Wolverhampton. It is a specialist residential and buy to let mortgage lender. It is an intermediary-only lender, which means that the mortgages it offers can only be obtained through a mortgage advisor. Its range of products includes residential mortgages, buy to let mortgages, and bridging finance.
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Its residential mortgages are designed to suit a wide variety of applicants including self-employed individuals, contractors, first time buyers, and those with bad credit history. Its buy to let mortgages are ideal for landlords looking to fund light refurbishment on their properties under Permitted Development Rights. Finally, its bridging finance is an alternative to a traditional remortgage and it allows borrowers to increase their combined secured borrowing by up to 85% of their property’s value.
Precise mortgages have been rated highly on Trustpilot and Smart Money People, with some users praising the firm for its efficient service and fast mortgage processes. However, other users have complained about the high fees charged for bridging finance and the slow process of getting an offer on a new mortgage.