Compare Mortgage Rates from Precise Mortgages starting at 5.28%

Precise Mortgages is one of the UK’s leading specialist mortgage lenders. Operating exclusively on an intermediary-only basis, Precise provides tailored property finance solutions for individuals whose circumstances fall outside the standard lending parameters of high-street banks.

Whether you are self-employed with complex accounts, working to rebuild your credit history, or looking for specialist Buy-to-Let (BTL) or bridging finance, this guide covers how Precise Mortgages operates, current rate trends, borrowing criteria, and real customer feedback.

You can compare the latest rates from this lender against more than 90 others by using our free mortgage sourcing tool below:

What Types of Mortgages Does Precise Offer?

Precise Mortgages categorises its product range into three main specialist finance pillars:

1. Specialist Residential Mortgages

   • Adverse Credit: Options for borrowers with historical CCJs, defaults, secured arrears, or previous debt management plans (DMPs).

   • Complex Income & Self-Employed: Accepts 1 year of trading accounts, day-rate contractors, CIS workers, retained profits, and multiple income sources.

   • First-Time Buyers & First-Time Landlords: Programs catering to individuals purchasing their first property or entering the rental market without prior landlord experience.

2. Buy-to-Let (BTL) Mortgages

   • Specialist Property Types: Financing for Houses in Multiple Occupation (HMOs), Multi-Unit Freehold Blocks (MUFBs), and holiday lets.

   • Corporate Borrowers: Portfolio landlords and limited companies (SPVs).

   • Flexible Stress Testing: Competitive ICR (Interest Coverage Ratio) stress rates, particularly for top-slicing (using surplus personal income to cover rental shortfalls).

3. Bridging Finance & Second-Charge Loans

   • Bridging Loans: Short-term capital for property auctions, heavy refurbishments, or chain-breaking scenarios.

   • Second-Charge Mortgages: Capital raising on existing properties without disrupting primary low-rate fixed mortgages.

How much deposit you will need 

As a specialist lender, Precise tends to have higher deposit requirements than mortgage providers on the high street due to the majority of their customers being higher risk. Their residential mortgages start with deposit requirements of 15% of the property’s value.

Their buy-to-let range, meanwhile, starts at 80% LTV (20% deposit required).

How much will Precise let you borrow?

Precise cap their maximum borrowing at 5 times annual income, but may use a lower income multiple depending on the overall strength of your application. For buy-to-let mortgages, the maximum you can borrow is tied to the property’s rental potential. For basic rate taxpayers and limited company directors, the interest cover ratio must be at least 125%, while for additional or higher rate taxpayers it is 145%.

Customer Reviews

Because Precise Mortgages deals with complex underwriting cases, customer feedback reflects both their ability to secure difficult approvals and the higher administration involved in specialist finance. Below is an overview of customer sentiment across the top 4 UK review platforms in the financial and mortgage niche:

1. Trustpilot 

• Positive Feedback: Applicants frequently praise fast offer turnarounds, clear communication during complex purchases, and the lender's willingness to approve loans where high-street providers previously declined.

• Common Criticisms: Complaints generally centre on strict underwriting document requirements, valuation delays during peak periods, or interest rate adjustments prior to formal offer issuing.

2. Smart Money People

• Positive Feedback: Long-term borrowers highlight polite customer service teams when managing existing mortgage accounts.

• Common Criticisms: Negative sentiment on this forum largely stems from borrowers in difficulty facing post-fixed rate increases, repossession challenges, or dissatisfaction with higher interest rates inherent to bad-credit specialist lending.

3. Google Reviews & Online Sentiment 

• Positive Feedback: First-time buyers with minor adverse credit notes praise Precise for enabling them to get onto the property ladder when traditional channels were closed.

• Common Criticisms: Delays in processing manual paperwork and strict surveyor valuations on non-standard build properties.

4. Broker Forums & Intermediary Ratings

• Positive Feedback: Mortgage brokers consistently give Precise high marks for business development manager (BDM) accessibility, clear manual underwriting criteria, and robust BTL criteria.

• Common Criticisms: Occasional underwriting queues during high volume surges and higher arrangement fees compared to mainstream lenders.

Expert Opinion

Pros and cons

The table below shows the advantages and disadvantages of Precise as a mortgage lender to help you decide whether they are the right option for you:

Key Lending Criteria & Bad Credit Acceptance

Precise Mortgages is designed for borrowers who do not fit mainstream credit scoring. They assess applications manually, taking a pragmatic view of credit issues provided they are explained and satisfied within defined criteria timelines.

More severe issues such as IVAs, bankruptcies and repossessions need to have been discharged for at least six years before the applicant will be considered for a mortgage.

The type of rate and deal you will qualify for will depend on the specific details surrounding your credit issues, specifically how long they have been on your file and the amount they are for. You can also boost your chances of securing a better deal by putting down extra deposit.

Get independent advice about Precise Mortgages today

The most important thing to take on board here is that you need to compare Precise's mortgage range with that of other lenders across the market. Limiting yourself to just one lender could mean missing out on more suitable deals elsewhere.

There are brokers on our team who have a working relationship with Precise. They know their product range well and can compare them with every competitor across the market on your behalf to help you decide whether they are the perfect fit for you.

Here are just some of the reasons you should use us for your mortgage comparison needs:

• Our mortgage brokers are whole-of-market
• They often have access to exclusive rates and deals
• We are 5-star rated on leading review websites
• Your first consultation is FREE

Ready to see how Precise's latest rates compare to deals from across the and speak to one of our brokers about their products? Get started here.