Precise remove their minimum income requirements for buy-to-let

Aaron Strutt Image
Precise Mortgages has removed its minimum income requirement on all buy-to-let applications. The lender has also increased the maximum loan size on its near prime mortgage range. Rather than asking investors to prove their income, they now require applicants' last three months bank statements. The idea is to show that their bank account is well maintained. For borrowers unable to get a mortgage from a high street lender due to missed payments or ccj's - Precise has also increase the maximum loan size on their near prime range - from £300,000 to £500,000. November 23, 2012
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