In addition to the launch of a new home owner range, Precise Mortgages the specialist intermediary lender has launched a near prime BTL mortgage range that is designed to help landlords who are struggling to get a mortgage from a high street lender.
Many landlords are currently being denied mortgages for relatively minor credit blemishes and this innovative product is specifically designed to help those people. The UK Housing Market is chronically short of a supply of good quality properties for people to rent and with rental demand on the increase this product should be popular.
Alan Cleary, Managing Director of Precise Mortgages said:
“Hopefully mortgage intermediaries will no longer have to turn away good customers because they may have a blip on their credit profile. Alongside our prime BTL products this makes our product range very comprehensive. “
Andy Young, CEO of The Business Mortgage Company added:
“It is good to see a lender innovating and listening to mortgage intermediaries. It is refreshing to see some positive news about the mortgage market at last.