Tag: Precise Mortgages
The product has a minimum loan value of £25,000 and a maximum of £450,000 with fees of £995.
HMOs achieves the best rental yields for landlords.
The deal still requires approval from the Financial Conduct Authority and the Prudential Regulation Authority.
The merger will unite specialist mortgage brands Kent Reliance, part of OneSavings Bank, and Precise Mortgages.
It’s surprising that in 2019 there are still so many lenders who impose these charges and they need to be consigned to the dustbin of history.
The top slicing feature enables customers to use surplus portfolio or earned disposable income to prove they can meet any financial stresses on a new loan application.
The move will initially focus on areas such as later life lending, expats, foreign nationals, adverse credit, self-employed and contractors.
The FCA-regulated mortgage robo-adviser will make these additions as it believes a sizeable minority of mortgage applicants are excluded from mainstream high street lenders.
Parr is well known in the industry having been in bridging finance for over 12 years.