View more on these topics

Precise launches new secured loans range

Precise Mortgages has this week launched a range of prime and near prime secured loan mortgages into the market with rates starting at 5.45 per cent.

The products includes life time trackers as well as fixed rate products and are available for loans up to £1m.

Precise Mortgages director of secured loans Simon Carr says the product was designed as an alternative financial solution, where a remortgage or further advance may not be in the customer’s best interests. 

He says: “This further underlines our commitment to the Intermediary market by introducing a compelling and complimentary proposition to our existing mortgage and short term lending range.”

Promise Solutions managing director Steve Walker says the launch ”significant”and sends a clear signal to mortgage intermediaries that secured loans should be considered as a mainstream product.

He says: ”Through Precise we can now offer rates as low as 5.45 per cent and loans up to £1m. For borrowers on preferential mortgage deals, secured loans must now be considered a more viable alternative.

”Add to that the flexibility of Precise’s secured loan range this is excellent news for intermediaries and consumers.” 


EDL founder Robinson admits fraud

English Defence League founder and former leader Stephen Yaxley-Lennon, know widely as Tommy Robinson, has reportedly admitted to committing mortgage fraud. According to the BBC, he has pleaded guilty to two accounts of conspiring to obtain a mortgage by misrepresentation from Abbey and Halifax. His address and the court where he appeared cannot be named […]

Experts say BoE scrapping of FLS will not hit volumes

Mortgage experts are confident the Bank of England’s decision to scrap the Funding for Lending Scheme for residentail mortgages will not hit lending volumes but warn of rising rates in the coming months. The FLS was originally planned to last until January 2015 but last week it was announced there will be no new cheap […]

Bank lending boosted by 32% for October against last year

Banks lent 32 per cent more to mortgage borrowers in October than they did a year earlier. According to figures released last week by the British Bankers’ Association, the major banking groups, which are responsible for two-thirds of all mortgage lending, advanced £9.9bn in October, compared with £7.5bn the October before. The figures are seasonally […]


There needs to be more to the housing recovery than Help to Buy

The Victorian economist, Alfred Marshall, once said: “We might as well reasonably dispute whether it is the upper or under blade of a pair of scissors that cuts a piece of paper, as whether value is governed by demand or supply.” Consider this in the context of Help to Buy and other housing stimuli. Some […]


News and expert analysis straight to your inbox

Sign up