EASY PEASY PRODUCTS.

Portfolio submissions

The BTL Hub allows you to upload multiple properties in a portfolio to be assessed as part of a single application. Plus, the property schedule is valid for 12 months as long as the portfolio doesn’t change.

Registering to use the BTL Hub is easy. If you’ve already registered with another lender, simply login and add Precise to your lender list.

When completing a mortgage, both Precise and your customer will need a conveyancer to complete the necessary legal work associated with the transaction.

Precise operate an approved panel of conveyancers for limited company mortgages relates to term lending for properties in England & Wales only (“Limited Company Buy to Let Conveyancer Panel”). Only firms on our approved limited company panel of conveyancers can act on these limited company mortgages. The customer will be responsible to pay all conveyancing costs incurred in accordance with the fixed fee schedule. Please refer to option 3 below for a list of firms on our closed Limited Company Buy to Let Conveyancer Panel and fixed fee schedule.

If a limited company application relates to Scottish property this needs to be referred to the Scotland Preferred Conveyancer Panel at option 1 below.

If this is a bridging application in England & Wales only please refer to the Preferred Bridging Conveyancer Panel in bridging finance.

There are four conveyancing options available for your customers:

1. Preferred Conveyancer Panel Joint Representation

Our Preferred Conveyancer Panel consists of conveyancing firms that we have worked with for some time and provide nationwide coverage across our lending areas.

Where a customer selects a member of our Preferred Conveyancer Panel for representation in the mortgage transaction, we will instruct the chosen firm on behalf of Precise and your customer.

Important information

Precise no longer operates a set tariff of fees for conveyancing work. Your customer should negotiate the fees they pay direct with their chosen conveyancer.

2. Core Conveyancer Panel Joint Representation

Alternatively, your customer is able to choose an approved conveyancer from our Core Conveyancer Panel for England and Wales, providing more choice in representation.

See our Core Conveyancer Panel here.

Important information

Precise no longer operates a set tariff of fees for conveyancing work. Your customer should negotiate the fees they pay direct with their chosen conveyancer.

Once your customer has selected a member of our Core Conveyancer Panel for representation in the mortgage transaction, we will instruct the chosen firm on behalf of Precise and your customer.

3. Limited Company Buy to Let Conveyancer Panel

Any limited company application would need to select a solicitor from our Limited Company Buy to Let Conveyancer Panel of approved solicitors and the customer will incur fixed costs that they will need to pay.

Alternatively, an applicant can use their own solicitor, provided they meet our criteria. However, the applicant must select one of the solicitors from our Limited Company Buy to Let Conveyancer Panel to act for Precise and the applicant will be liable for both sets of fees.

See our Limited Company Buy to Let Conveyancer Panel here.

See our Limited Company fixed fee schedule here.

4. Separate Representation

Your customer can choose a conveyancer who does not appear on either of our panels. They will need to instruct their own conveyancer and will also need to choose a member of our Preferred Conveyancer Panel except for limited company applications which must use our Limited Company Buy to Let Conveyancer Panel to act for Precise.

Please note they will be responsible for paying both conveyancers legal fees which must be agreed direct with the conveyancer. Precise will instruct the conveyancer chosen to represent them from the Preferred Conveyancer Panel except for limited company applications which will be instructed from our Limited Company Buy to Let Conveyancer Panel, but your customer will be responsible for instructing the conveyancer they have chosen to represent them.

When submitting limited company applications for term lending on properties in England & Wales only, please ensure your client is using a solicitor from our Limited Company Conveyancer Panel. Please note, it is in our absolute discretion to amend our panel from time to time. We’re not accepting any new applications to this panel at this time.

Telegraphic Transfer: £25
Redemption admin fee: £40

All fees include VAT (where applicable)

Standard valuation and assessment fee payable on application. The valuation fee is refundable if the valuation is not carried out; the assessment fee of £180 is non-refundable.

Please note, for Buy to Let applications, Homebuyers valuations are not available for HMO and Multi-unit properties.