Precise Mortgages will pull its entire range of buy-to-let products this afternoon (8 February) and will reprice them in a new range the following day.
The specialist lender tells brokers that to secure a product from its current range they must fully submit applications by 5pm today, in a note to advisers.
It says: “We then need all minimum supporting documents uploaded by 5pm on Tuesday 20 February.”
It adds:
- For non-portfolio applications, it needs a signed direct debit mandate
- For portfolio applications, it needs the portfolio schedule uploaded to the firm’s BTL Hub as well as a signed direct debit mandate and the combined business plan, cash flow, and assets and liabilities form
- As part of the usual underwrite it may require additional documentation
The lender says a new landlord range will be available on its website from 9am on Friday 9 February.
