Second Charge Loans Contents Page 2: Tier 1 Page 3: Tier 2 Page 4: Validation tables Page 5: Our Preferred Panel of Master Brokers Page 6: Contact details Correct as of: 20.04.2015 product guide Get in touch with our intermediary support team 0800 116 4385 (9am to 6pm, Mon to Fri) 0333 240 6084 (mobile friendly) @Precise_Mtgs 0800 131 3180 [email protected] precisemortgages.co.uk Precise Mortgages Tier 1 Residential Second Charge Loans Plan 1 - 65% LTV Plan 3 - 75% LTV Plan 4 - 80% LTV Plan 5 - 85% LTV Min Loan £10,000 £200,001 £10,000 £200,001 £5,000 £200,001 £5,000 £5,000 Max Loan £200,000 £500,000 £200,000 £500,000 £200,000 £500,000 £200,000 £100,000 Min Score 300 400 300 400 300 400 350 400 4.85% 5.95% 5.40% 6.95% 6.25% 7.45% 8.35% 9.65% PRPA140 PRPA122 PRPA144 PRPA123 PRPA148 PRPA124 PRPA152 PRPA156 BBR Tracker 2 year Fixed 3 year Fixed 5 year Fixed Lender Fee LTI Cap Plan 2 - 70% LTV 5.35% 5.90% 6.75% 8.85% 10.15% PRPA141 PRPA145 PRPA149 PRPA153 PRPA157 5.60% 6.15% 7.00% 9.10% 10.40% PRPA142 PRPA146 PRPA150 PRPA154 PRPA158 6.35% 6.90% 7.75% 9.85% 11.15% PRPA143 PRPA147 PRPA151 PRPA155 PRPA159 £295 £295 £295 £495 £295 £495 £295 £495 A 500 6.00 6.00 6.00 6.00 6.00 B 450 5.75 5.75 5.75 5.75 5.75 C 400 5.50 5.50 5.50 5.50 4.00 D 350 5.25 5.25 5.25 E 300 5.00 5.00 4.00 4.00 Mortgage Arrears 0 in the last 12 months CCJ's 0 in the last 12 months Defaults 0 in the last 12 months Unsecured Arrears Not counted Min Term 36 Max Term 360 2 BBR set at 0.50% Tier 2 Residential Second Charge Loans Plan 1 - 65% LTV Plan 2 - 70% LTV Plan 3 - 75% LTV Plan 4 - 80% LTV Plan 5 - 85% LTV Min Loan £10,000 £10,000 £5,000 £5,000 £5,000 Max Loan £200,000 £200,000 £200,000 £200,000 £100,000 Min Score 300 300 300 350 400 5.85% 6.40% 7.25% 9.35% 10.65% PRNP041 PRNP045 PRNP049 PRNP053 PRNP057 6.35% 6.90% 7.75% 9.85% 11.15% PRNP042 PRNP046 PRNP050 PRNP054 PRNP058 6.60% 7.15% 8.00% 10.10% 11.40% PRNP043 PRNP047 PRNP051 PRNP055 PRNP059 7.35% 7.90% 8.75% 10.85% 12.15% PRNP044 PRNP048 PRNP052 PRNP056 PRNP060 Lender Fee £295 £295 £295 £295 £295 A 500 6.00 6.00 6.00 6.00 6.00 B 450 5.75 5.75 5.75 5.75 5.75 C 400 5.50 5.50 5.50 5.50 4.00 D 350 5.25 5.25 5.25 4.00 E 300 5.00 5.00 4.00 BBR Tracker 2 year Fixed 3 year Fixed LTI Cap 5 year Fixed Mortgage Arrears 0 in 3 months, 1 in 12 months, loan up to date CCJ's 0 in 3 months, 1 in 12 months, Max £3,000 Defaults 0 in 3 months, 2 in 12 months, Max £5,000 Unsecured Arrears Not counted Min Term 36 Max Term 360 3 BBR set at 0.50% Second Charge Loans validation tables Validation for employed applicants Navigator Score Band Plan 1 - 65% LTV Plan 2 - 70% LTV Plan 3 - 75% LTV Plan 4 - 80% LTV Plan 5 - 85% LTV A 500 + 2 monthly or 3 weekly payslips B 450 499 C 400 - 449 D 350 - 399 2 monthly or 3 weekly payslips, plus P60, plus 2 months bank statements for DDM account 2 monthly or 3 weekly payslips, plus P60 E 300 - 349 Validation for self-employed applicants Navigator Score Band Plan 1 - 65% LTV Plan 2 - 70% LTV Plan 3 - 75% LTV Plan 4 - 80% LTV Plan 5 - 85% LTV A 500 + If less than 4 LTI 1 year accounts or sa302 or tax calculation with tax year overview B 450 499 If over 4 LTI 2 years accounts or sa302 or tax calculation with tax year overview C 400 - 449 D 350 - 399 If less than 4 LTI 1 year accounts or SA302 or tax calculation with tax year overview, plus 2 months bank statements for DDM account 1 year accounts or SA302 or tax calculation with tax year overview 1 year accounts or SA302 or tax calculation with tax year overview, plus 2 months bank statements for DDM account If over 4 LTI 2 years accounts or SA302 or tax calculation with tax year overview, plus 2 months bank statements for DDM account 2 years accounts or SA302 or tax calculation with tax year overview, plus 2 months bank statements for DDM account E 300 - 349 4 BBR set at 0.50% Our Preferred Panel of Master Brokers If you have a second charge loan to place, our Preferred Panel of Master Brokers are here to help. Simply select your Master Broker from the list below, refer your customer and you can be confident that your customer is in expert hands. Brightstar Financial YOUR SPECIALIST FINANCE PARTNER The Loans Engine 01277 500 900 - option 2 0800 032 9595 www.brightstarhub.co.uk/second-charge-loans.php www.theloansengine.co.uk Colonial The Loan Partnership 01273 414 422 0161 498 7686 www.cscloans.co.uk http://theloanpartnership.co.uk Enterprise Finance Sensible Finance 0208 731 5333 0330 335 9986 www.enterprisefinance.co.uk www.sensiblehomefinance.co.uk/secured-loans.php Fluent Money Smart Money 01204 477 600 01829 730554 www.fluentmoney.co.uk/brokers/precise-mortgages www.smartmoneyloans.co.uk/second-charge-loans/ Positive Lending TFC Homeloans 0845 260 7511 08456 444 222 www.positivelending.co.uk www.tfchomeloans.com Promise Solutions V Loans 01902 585 052 0845 618 0280 DEDICATED TO THE FINANCIAL INTERMEDIARY www.promisesolutions.co.uk www.vloansltd.com The Lending Wizard Y3S Loans 0161 498 7686 0800 6522 052 www.thelendingwizard.com www.y3sloans.com/precisemortgages 5 Contact Details James Briggs National Sales Manager Richard Keen National Sales Manager James has accumulated 17 years’ financial services experience, with the last 12 years spent specifically working in the secured loans sector. Richard has over 20 years’ financial services experience predominantly within the mortgage distribution space. Call James if you’re in the North and would like to discuss our Second Charge Loans. Call Richard if you’re in the South and would like to discuss our Second Charge Loans. [email protected] [email protected] 07931 130021 07930 236340 Get in touch with our intermediary support team 0800 116 4385 (9am to 6pm, Mon to Fri) 0333 240 6084 (mobile friendly) @Precise_Mtgs 0800 131 3180 [email protected] precisemortgages.co.uk Precise Mortgages 6 01065 (7.1) We can provide literature in large print, Braille and audio. Please ask us for this leaflet in an alternative format if you need it.
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