Tag: Precise Mortgages
The additional income can be used to effectively ‘bridge the gap’ if they aren’t expected to get the rent required to take out the mortgage they want.
The product is for landlords with up to 20 properties with a combined value of £5m with Precise, however there no limit on the size of portfolios with other lenders.
Batchelor joins from Aldermore where she was responsible for a similar patch to her new role with Precise Mortgages.
They will look after intermediaries in the West Midlands and the North East/Yorkshire respectively.
The group intends to maintain net loan growth of at least 20% per annum in the medium term and is currently targeting a dividend pay-out ratio of at least 15% of the profit for the year.
Brokers will be able to relay the information over in any format, whether that’s using an excel spreadsheet, word document or relaying information verbally over the phone – and the portfolio team will then enter the data onto its system.
There were a number of improvements made to Precise’s 2, 3 and 5-year fixed rate products.
Yates was a BDM for platform, the intermediary lender of the Co-operative Bank.
The event is being held at a new venue this year to accommodate increasing numbers of delegates, lenders and service providers.
Gross lending in 2016 totalled £245bn which is a year-on-year increase of 11%.