Precise Mortgages

Precise Mortgages, a specialist lender in residential mortgages and bridging finance

Precise Mortgages is a British entity that operates as a specialist lender and focuses its activity on residential mortgages, buy to let loans and bridging finance. The firm states that its products are not marketed through traditional high street banking or comparison sites, but are distributed solely through qualified intermediaries. Its activity dates back to 2010, the year from which it has served both intermediaries and end customers.

Mortgage products for profiles that do not fit conventional banking

The entity's catalogue is structured around three main lines. The first is residential mortgages, aimed at a variety of applicants including contract workers, first-time buyers, beneficiaries of the Forces Help to Buy programme, profiles with less-than-perfect credit histories, new build properties and the self-employed.

The second line is buy to let mortgages, aimed at landlords and investors, including new landlords, professional landlords, retired landlords, the self-employed and buyers of new build properties. For existing customers who wish to remortgage to another Precise buy to let mortgage, the firm maintains this route; new buy to let customers can place their business through the sister brand Rely.

The third line is bridging finance, designed for those who need quick access to funds, to buy a property at auction, to raise capital, to refurbish or convert a property, or to obtain temporary finance to purchase a home while selling their current one.

Product transfers and maturity management

The entity also provides for product transfers for customers whose loan is approaching its end date. In such cases, Precise Mortgages sends a letter with personalised rates approximately three months before reversion. The quote included in that document is valid for 28 calendar days from issue, within which the customer must follow the steps indicated to secure their personalised rate.

Distribution model and regulation

The company stresses that its mortgages are only available through qualified brokers, arguing that this type of specialist lending requires professional advice. Precise Mortgages presents itself as an entity regulated in the same terms as high street banks and notes that it does not appear on comparison sites or in high street branches.

Precise Mortgages is a trading name of Charter Court Financial Services Limited, authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, with firm reference number 494549 on the financial services register. The company is registered in England and Wales with company number 06749498.

Customer service and additional support

The firm offers general telephone support and a specific channel for customers in financial difficulties. It also has additional support resources for situations requiring extra assistance. Telephone support hours are Monday to Friday, 9am to 5pm, with opening at 9.30am on Wednesdays.

Track record and awards

Since 2010, Precise Mortgages has built its activity around specialist lending and states that it has received several industry awards over its history, although the material does not detail which ones or the dates.

Location and contact

2 Charter Court, Broadlands, Wolverhampton WV10 6TD