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What’s new at Precise Mortgages?

As the UK’s leading specialist lender*, we’re always thinking of new ways to make life as easy as possible for you and your customers. Here are just some of the new innovations and enhancements we’ve introduced in the last three months.

Helping landlords convert residential properties into HMOs

We now offer Refurbishment Buy to Let for works being completed under permitted development rights, providing there are no structural alterations or changes to the footprint of the property.

This exciting development allows landlords to change the use of a property from a C3 dwelling house to a C4 House in Multiple Occupation (HMO) for up to six bedrooms.

Click here to read our Complete Guide to Refurbishment Buy to Let.

Top slicing now available across entire Buy to Let range

Our top slicing offering is now available to all eligible personal ownership, limited company, portfolio, HMO, and holiday and student let applications (first time buyers excluded).

Customers can use their surplus earned or portfolio income to demonstrate they can meet financial stresses on the new property, rather than through the rental income of that property alone, helping them unlock our range of 2 year Fixed rate Buy to Let Mortgages, as well as our 5 year Fixed rate products.

Click here for more information.

Helping first time buyers become established homeowners

We’re one of the first lenders to offer homeowners the option to remortgage and capital raise to repay part of their original Help to Buy Equity Loan.


The enhancement is part of our wider Help to Buy proposition which now gives customers the option to purchase, choose a pound-for-pound remortgage, capital raise to repay part of the equity loan or fully repay their loan.

Click here to find out more.

Help to Buy available in Scotland for the first time

Our Help to Buy Scotland offering enables customers to choose from a range of Fixed rate products, with purchase and remortgage options available up to 80% LTV.

Click here to find out more.

Help to Buy revert rates from just 4.80%

Our Help to Buy range features products with revert rates from 4.80% which means they only need one sustainability check instead of the two required for products with revert rates exceeding 4.80%.

Click here to find out more.

All products now track BBR

All of our products now track the Bank of England Base Rate (BBR), rather than LIBOR. This will not impact any applications for products linked to LIBOR which will be unaffected by the change.

To find out more about how Precise Mortgages can help, call 01277 508950 to speak with Brightstar’s team of experts or email helpdesk@brightstarhub.co.uk

  • Source: BVA BDRC Project Mercury Report Q2 2019