Here at Precise Mortgages we’re keeping our portfolio process simple to save you time. Our dedicated Portfolio Team will key the additional information the new underwriting rules call for on to our system for you.
You can use our simple forms, the landlord’s forms, or even another lender’s forms to provide details of:
Improved! We have reviewed our portfolio process and reduced the number of Portfolio landlord forms we need from three to two, making it even easier to submit portfolio applications to us. Our forms are designed to give us all the information we need but we can accept this information in any format.
Click here to view our Buy to Let Mortgage submission guide. This document has been designed to help provide a smooth application process for you and your customer.
Our newest initiative is the extension and automation of top slicing, which is available for limited company, personal tax structures and portfolio landlords.
Top slicing allows landlord to:
LIBOR Trackers and the reversion rate are variable rates that are linked to 3 month LIBOR and will change quarterly on 12 March, 12 June, 12 September, 12 December. Please note if this date falls on a non-working day then the LIBOR rate will be taken on the previous working day.
All of our LIBOR tracker products have a floor. This means that if LIBOR were to fall to 0.00% or less the rate payable will be 0.00% plus the agreed set percentage above LIBOR. This means that the rate payable will never go below 0.00% plus the additional percentage rate of the tracker mortgage.
*excludes the day of upload/receipt