Precise Mortgages

Precise Mortgages: Specialist Lending Solutions

Precise Mortgages is a specialist lender offering flexible mortgage solutions for individuals with unique or complex financial circumstances. Whether you’re a first-time buyer, self-employed, or have a less-than-perfect credit history, Precise Mortgages provides tailored products to meet your needs.

At Kerr & Watson, we work closely with Precise Mortgages along with other lenders to ensure our clients have access to these specialist mortgage products, allowing you to secure the right mortgage for your situation.

Why Do People Consider Precise Mortgages?

Specialist Lending Expertise

Precise Mortgages is well-known for helping clients who may face challenges with mainstream lenders. Whether you have an adverse credit history, are self-employed with limited accounts, or face other complex financial circumstances, Precise offers a range of products designed to cater to these situations.

Flexible Criteria for Borrowers

Precise Mortgages offers flexible lending criteria, including mortgages for clients with County Court Judgements (CCJs), defaults, or other credit impairments. They also specialise in providing products for those with complex income structures or those requiring additional lending options, such as debt consolidation.

Self-Employed and Contractors

Precise Mortgages is an ideal choice for self-employed individuals and contractors who may not have the extensive financial documentation typically required by high street lenders. With flexible income assessments and a deeper understanding of non-standard income sources, Precise Mortgages ensures that more borrowers are able to secure the mortgage they need.

Broker-Exclusive Products

By working with intermediaries, Precise Mortgages ensures that their customers receive personalised advice from expert brokers. Kerr & Watson, as your mortgage adviser, will guide you through the mortgage process, helping you find the best product from Precise that fits your unique financial needs.

Switching Your Rate with Precise Mortgages: What You Need to Know

If your current Precise Mortgages product is coming to the end of its initial term, switching your mortgage rate is a simple process. Precise Mortgages may allow you to switch your rate, with no application or valuation fees involved. This could be a cost-effective solution which can help you secure a new rate without the hassle, ensuring that you avoid potential increases in interest rates or other financial risks.

At Kerr & Watson, we handle the entire rate switch process for you, helping you lock in the best rate available and ensuring a smooth transition to your new product.

Product Highlights

Residential Mortgages

Tailored products for clients with adverse credit, such as missed payments or defaults, as well as options for first-time buyers and those with complex income streams.

Buy-to-Let Mortgages

Flexible mortgage solutions for landlords and investors, including options for limited company buy-to-let and Houses in Multiple Occupation (HMOs).

Self-Employed and Contractor Mortgages

Specially designed products for self-employed borrowers and contractors, offering flexible income assessments and simplified documentation requirements.

Why Contact Kerr & Watson?

Navigating the mortgage market can be complex, particularly if you have non-standard financial circumstances. At Kerr & Watson, we simplify the process by providing expert advice and access to specialist lenders like Precise Mortgages.

Our team works closely with all major lenders to ensure you get the most suitable mortgage product for your unique needs.

Get in Touch

Don’t miss out on the opportunity to benefit from Precise Mortgages’ flexible lending solutions.

Contact Kerr & Watson today to speak with an adviser and explore how we can help you secure the right mortgage for your situation.

The information on this page is not tailored to any individual readers and should not be considered financial advice under any circumstances.

If you are seeking advice about a mortgage, you should speak with a qualified advisor.

Your Mortgage In 3 Easy Steps…

Conversation

Schedule a call to talk to a mortgage advisor about your goals, challenges and vision for your mortgage.

Alternatively give us a call on 01252 224620 or email us on info@kerrandwatson.co.uk.

Research

We will take the information gained on the call and carry out some research before sending you a bespoke recommendation.

If you would like an agreement in principle, we’ll also arrange this for you.

Application

We will submit the full application to the mortgage lender, sending them the documents and liaising with the underwriters until the mortgage has been fully offered on the new interest rate.

We will also communicate with you at every stage, from application to completion.

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Frequently Asked Questions

▸ ▾ Is it better to use a mortgage broker or go directly to a bank?

Using a mortgage broker gives you access to multiple lenders rather than just one bank’s products. An independent, whole-of-market mortgage broker can compare options across high street and specialist lenders, helping you apply for the most suitable mortgage first time.

▸ ▾ What does a mortgage broker do?

A mortgage broker assesses your income, outgoings, credit history and deposit to recommend the most suitable mortgage for your circumstances. They compare lenders across the market, submit your application, liaise with underwriters and work alongside your conveyancer until your purchase or remortgage completes.

▸ ▾ Can a mortgage broker access better deals?

An independent mortgage broker can compare products across a wide range of lenders, including some intermediary-only deals. While rates are set by lenders, a broker helps ensure you apply for the most suitable and competitive option available.

▸ ▾ What does whole-of-market mean?

Whole-of-market means a mortgage broker can access products from a broad range of lenders rather than being restricted to one bank or a limited panel. This gives you more flexibility and potentially better-suited mortgage options.

▸ ▾ How much does a mortgage broker cost?

Mortgage adviser fees vary depending on the complexity of your case. Some advisers charge a flat fee, while others are paid via lender commission. At Kerr & Watson, our fees are explained clearly upfront so you understand exactly what you’re paying and why.

▸ ▾ How much can I borrow for a mortgage?

Most lenders offer between 4 and 4.5 times your annual income, subject to affordability checks. The exact amount depends on your income, monthly commitments, credit history and deposit size. A mortgage broker can provide a personalised estimate based on your full financial situation.

▸ ▾ How quickly can I get an Agreement in Principle?

An Agreement in Principle can often be arranged within 24 hours once your key financial details have been reviewed. This provides an indication of how much you may be able to borrow and can strengthen your position when making an offer on a property.

▸ ▾ How long does it take to get a mortgage offer?

A mortgage offer is typically issued within two to six weeks after submitting a full application. Timescales vary depending on the lender, valuation process and complexity of your case. Providing accurate documents from the outset can help speed up the process.

▸ ▾ What documents do I need to apply for a mortgage?

Most lenders require proof of identity, proof of address, recent payslips or tax calculations, bank statements and details of your deposit. Self-employed applicants may also need accounts or SA302s. Your mortgage adviser will confirm exactly what is required before applying.

▸ ▾ Do I need a deposit to get a mortgage?

Yes, most mortgages require a minimum deposit of 5% of the property value. A larger deposit can improve the range of lenders available to you and may secure a more competitive interest rate.

▸ ▾ Can I get a mortgage if I’m self-employed?

Yes, many lenders offer mortgages to self-employed applicants. You will usually need at least one to two years of accounts or tax returns. A specialist mortgage broker can help match you with lenders who understand variable or complex income structures.

▸ ▾ Can I get a mortgage with bad credit?

It may still be possible to get a mortgage with adverse credit, depending on the severity and how recent the issues were. Specialist lenders consider applicants who may have been declined elsewhere. An independent mortgage broker can review your options carefully before applying.

▸ ▾ What happens if I’ve been declined for a mortgage?

A mortgage decline does not necessarily mean you cannot secure a mortgage. Different lenders have different criteria. A mortgage broker can identify why you were declined and approach lenders whose criteria better fit your situation.

▸ ▾ Can I arrange my mortgage remotely?

Yes. Our mortgage advice process can be completed remotely via telephone, email and video call, allowing us to support our customers wherever your are located.

▸ ▾ Do I need a mortgage broker if I’ve already found a property?

Yes. Once you’ve found a property, a mortgage broker can help secure an Agreement in Principle, compare lenders, submit your application and manage the process through to completion.