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Buy to let: Why complex doesn’t have to mean complicated

Roger Morris - Group Distribution Director


Roger Morris - Group Distribution Director

Published 07.10.2021

Confusion over the amount of paperwork that’ s involved, concerns that a customer won’t meet a lender’s criteria, worries that the rental income isn’t enough to secure the loan size needed. These are just a few of the anxieties brokers have shared with me over the years when it comes to taking on new buy to let cases.

While some cases are cut-and-dry and can be catered for by mainstream products, many others will, by their nature, be more complex, and can be enough to induce sleepless nights for even the most experienced intermediary.

Fortunately, here at Precise Mortgages we believe complex doesn’t have to mean complicated. These type of cases are our bread and butter, and the reason why we launched more than a decade ago – to help those struggling to get a buy to let mortgage on the high street secure the product they need.

As one of the UK’s leading specialist lenders, we’ve invested heavily over the years to make the process of submitting your cases as easy as possible. Our online tools are available 24 hours a day, seven days a week, and are designed to help you meet your customers’ buy to let needs. And if you need a little more hands-on support, a member of our sales team is always here to support you.

Buy to let submission guide
Before you even start putting an application together, why not take a look at our submission guide which details all of the documentation you need? Created following broker feedback, the guide shows you the documents we require for each type of application, and is designed to be printed and used for easy reference.

If you haven’t placed a case with us before, it’s worth knowing that in a lot of instances for your more straightforward cases we only need a standard declaration form, making the application process even quicker.

Online criteria guide
If you need a quick and easy way to access our lending criteria, our online criteria guide gives you all the key information you need at your fingertips. Our fully searchable A-Z guide is regularly updated and can be viewed on your mobile, tablet, laptop or desktop.

Buy to let calculator
Did you know you can check how much your customer could borrow before submitting their application by using our online calculator? The calculator helps you to understand the benefits of our buy to let proposition and shows the options available to your customer to help them get the loan size they want.

Not only that, our calculator incorporates our top slicing feature and automatically shows how much surplus portfolio and/or earned disposable income is required to achieve the loan size your customer needs if there is a shortfall.

Award-winning sales team
Finally, if you need to speak with someone to help you make sure your cases are placed right and offered quickly, an experienced and knowledgeable member of our sales team is always on-hand to give you the support you need.

Whether it’s getting someone to come and visit you for one-on-one training on submission requirements, or simply someone to chat with over the phone or via video call, get in touch with the team to discuss your requirements.

The products and/or services featured in this communication are not regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

 

For intermediary use only
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