James Forth - Head of Sales – Precise Mortgages and Kent Reliance for Intermediaries
The price of everything seems to be going up at the moment. Whether it’s the price of our weekly shop, how much it’s costing to fill up our cars or the amount we’re paying for our energy bills, we’re all experiencing an uncomfortable squeeze.
It’s a similar situation if you’re looking to buy a house. According to Nationwide’s latest House Price Index*, March saw another steep climb in growth to 14.3%, the strongest increase since November 2004. The price of a typical UK home now stands at £265,312 - that’s more than £33,000 more than it was this time last year.
I understand it’s never been easy to buy a property, but imagine that, on top of this price increase, you’ve also suffered a credit blip in the past few years. That dream of owning your own home must feel as though it’s slipping further and further away.
Fortunately, here at Precise Mortgages we don’t believe a mark on their credit record in the past should stop customers from getting the residential mortgage they need now.
It’s why we’ve widened the type of adverse we’ll accept across our core and DMP residential range, as well as increasing the maximum LTV to 85% for customers with recent credit blips.
New 2 and 5-year fixed rates for customers with the following adverse:
We’ve also increased the maximum LTV to 85% for customers with the following adverse:
It’s just the latest example of how our commitment to providing diverse solutions and straightforward criteria that’s clear and to the point could help customers who can’t find the residential mortgage they need on the high street.
And don’t forget, if you’ve got a question about our new range, a member of our sales team is always here. Alternatively, you can speak with us via Live Chat or call our dedicated support service on 0800 116 4385.