Precise and Crystal offer exclusive Right to Buy mortgage

Ryan Bembridge

November 21, 2016

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Precise Mortgages has launched a Right to Buy product exclusively through packager Crystal Specialist Finance.

The products start at 5.39% for a 2-year fix and 5.59% for a 5-year fix to 75% loan-to-value, while valuation fees are refunded up to £630.

The mortgage is for properties worth up to £500,000, while the maximum discount is capped at £103,900 in London and £77,900 in other regions.

Fleet Mortgages reduces minimum valuation on converted freehold properties

Applications with some adverse credit will be considered.

Jo Breeden, managing director of Crystal, said: “Affordability is nearly always a critical factor in the Right to Buy sector, so to offer an exclusive product at a good rate with a refund of the valuation fee is a very welcome addition to our comprehensive panel.”

Brokers can find out more details by selecting Crystal Mortgages in the payment route on the Precise Mortgages portal or by contacting Crystal direct.

Roger Morris, director of sales at Precise Mortgages, said: “To make a product with this feature available through CSF demonstrates our faith in their service delivery and market reach to brokers.

“It’s a great product, and one that will be welcomed by council and housing association tenants throughout England.”

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