Precise Mortgages adds Right to Buy products to range


Specialist lender Precise Mortgages has launched a range of Right to Buy mortgage products.

The products allow council and housing association tenants in England to purchase their existing homes through the Government’s Right to Buy scheme.

Discounts of up to £103,900 in London and £77,900 apply to the price of the property through the scheme.

The range through Precise includes loans up to 100 per cent of the discounted purchase price, maximum loans of up to 75 per cent of the open market valuation and five year fixed rate deals.

Precise Mortgages managing director Alan Cleary (pictured) says: “The Right to Buy range builds on our previous support of the Help to Buy Equity Loan scheme. This demonstrates our ongoing commitment to support government initiatives and borrowers who have been excluded by high street lenders.”

Some of the right to buy products will come with a zero product fee option and options are available for customers with a less than perfect credit profile.