Precise to accept contract workers

Ryan Fowler

September 24, 2014

This follows on from a recent criteria change which saw the specialist lender amend its processes for self-employed workers.

Self-employed contractors and PAYE contractors can now access all residential mortgage products with LTVs up to 85%, first charge residential rates starting from 2.94% and second charge residential rates from 4.95%.

Alan Cleary, managing director of Precise Mortgages, said: “This criteria improvement coupled with our recent changes to self-employed criteria make us a natural choice for brokers looking to place cases where the applicants have non-standard employment contracts.”

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