Precise Mortgages withdraws landlord range ahead of repricing  


Precise Mortgages will pull its entire range of buy-to-let products this afternoon (8 February) and will reprice them in a new range the following day.  


The specialist lender tells brokers that to secure a product from its current range they must fully submit applications by 5pm today, in a note to advisers.  

It says: “We then need all minimum supporting documents uploaded by 5pm on Tuesday 20 February.”  

It adds:  

  • For non-portfolio applications, it needs a signed direct debit mandate  
  • For portfolio applications, it needs the portfolio schedule uploaded to the firm’s BTL Hub as well as a signed direct debit mandate and the combined business plan, cash flow, and assets and liabilities form  
  • As part of the usual underwrite it may require additional documentation  

The lender says a new landlord range will be available on its website from 9am on Friday 9 February.  

Earlier this week, Aldermore pulled all fixed-rate loans across its residential, buy-to-let and product switching ranges before lifting prices the following day, due to rising swap rates.  

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