Precise Mortgages Reduces Residential Rates and Enhances Product Transfers – September 2025 Update

Exciting Updates from Precise Mortgages

Precise Mortgages, a respected UK specialist lender, has announced significant improvements to its residential mortgage product range. With refreshed mortgage rates, reduced fees, and updated lending criteria, Precise aims to provide more flexible and competitive options for homeowners, first-time buyers, and those looking to remortgage or use government schemes like Help to Buy and Right to Buy.

Latest Residential Product Rate Changes

Precise Mortgages has refreshed and reduced key rates across its residential mortgage range. This includes:

• New residential rates now start from just 4.76%.
• Up to 55% loan-to-value (LTV): Available with a 1% fee.
• Up to 65% LTV: Choose from a 1% fee or a flat £1,495 fee.
• Up to 95% LTV: Borrowers can select from 1%, £1,495, or fee-free (£0) options.

These new options provide additional flexibility for a wide range of borrower profiles, from those seeking the lowest possible rate to applicants requiring higher LTV borrowing with manageable up-front costs.

Help to Buy and Right to Buy Rate Reductions

• Right to Buy (RTB): Rates now start from 5.84%, including a new 1% fee alternative.
• Help to Buy (HTB): Rates start from 6.57%.
• Both schemes are available on 2- and 5-year fixed terms.

These updates make home ownership via government-assisted schemes even more accessible and affordable for qualifying applicants.

Product Transfer Enhancements

• Product transfer rates now starting at 5.94%.
• Choose from 2, 3, or 5-year fixed terms.
• Both 1% fee and no-fee (£0) options available for flexible switching.

This benefits existing Precise Mortgages customers seeking to switch to a better deal without unnecessary hassle or high fees.

Updated Lending Criteria: Increased Accessibility

Precise Mortgages has also unveiled several changes to its lending and affordability criteria, designed to support a wider range of UK borrowers:

• Up to 97% LTV available (with fees added): Suitable for those with smaller deposits.
• Stress rates reduced to 1.25%: Easier to pass affordability checks.
• Revised affordability calculations: More applicants now qualify for higher loan amounts.
• Enhanced income multiples: Increases overall purchasing power.

These enhancements specifically benefit first-time buyers, those with high outgoings, and buyers needing higher borrowing relative to their income.

Why Choose Precise Mortgages?

• Specialist in flexible residential solutions including high LTV borrowing up to 97%.
• Support for government home ownership schemes (Help to Buy, Right to Buy) with competitive rates and flexible fee options.
• Improved affordability criteria — making it easier for more people to secure a mortgage.
• Fee structure flexibility, including fee-free options to reduce up-front costs.
• Direct support and clear criteria enable smoother application processes, ideal for complex cases.

Ready to Explore Your Best Options?

If you’re considering a new mortgage, remortgage, or switching your current deal, our expert advisers can help you assess your eligibility and secure the most suitable product. Contact us today for tailored mortgage advice and to find out how you could benefit from the latest Precise Mortgages updates.

Contact our mortgage team

• Call: 02392 006428
• Or use our online enquiry form for a quick callback.

Frequently Asked Questions (FAQs)

• Who is eligible for the new Precise Mortgages residential products?
  Answer: Most UK residents, including first-time buyers, home movers, and remortgagers. There are also tailored options for those using Help to Buy or Right to Buy.
• How do fee choices affect my mortgage cost?
  Answer: Opting for a higher fee can secure a lower rate, while a fee-free option means lower upfront costs but may increase the rate. Our advisers can help you decide which is best for your situation.
• Does the reduced stress rate make it easier to get a mortgage?
  Answer: Yes, a lower stress rate means more applicants meet affordability checks, potentially allowing you to borrow more.
• Are Precise Mortgages products good for small deposits?
  Answer: Yes, with up to 97% LTV (including fees), they are suitable for buyers with limited deposit funds.
• How do I apply for a Precise Mortgages deal?
  Answer: Speak to our qualified mortgage advisers for a full eligibility check and a personalised product comparison. We’ll support your application from start to finish.