3mc launches Help to Buy exclusives with Precise Mortgages

Published on

3mc has launched a range of exclusive Help to Buy products with Precise Mortgages.

The distributor says the range features “enhanced service” through its new build priority processing team.

The exclusive products are up to 0.20% cheaper than the lender’s core Help to Buy range and available up to 75% LTV, with two-year fixed rates from 3.99% and five-year fixed rates from 4.14%.

Precise can consider customers with a less than perfect credit record as part of the range and the products feature refunded valuation fees and fixed fees.

Doug Hall, director of 3mc, said: “When it comes to new build, clients are often competing against other potential buyers and so time is of the essence. We launched our New Build Priority Processing Team to ensure that borrowers with specialist circumstances don’t have to miss out on the speed of service they need to secure the home they want.

“With the launch of these Help to Buy exclusives from Precise Mortgages, we are making buying a new build home even more accessible to borrowers with less than perfect credit history and we are in discussions with other lenders to identify more products we can launch to benefit new build clients.”

Alan Cleary, managing director at Precise Mortgages, said: “3mc has recognised the importance of service in the new build market and we have worked closely with Doug and his team to ensure that Precise is able to deliver specialist Help to Buy case assessments within 48 hours and offers within 21 days.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Clydesdale Bank raises selected residential and buy-to-let rates

Clydesdale Bank is increasing a number of residential and buy-to-let product transfer rates from...

24-hour secured loan case underlines growing use of specialist finance

A secured loan completed within 24 hours is being cited as a sign of...

Virgin Money raises selected mortgage rates by up to 75bps

Virgin Money is increasing selected purchase, remortgage, buy-to-let and product transfer rates from Thursday...

Property sector must embrace long-term reform to withstand global shocks, says OPDA

The Open Property Data Association (OPDA) has called on the government to adopt a...

Rent rises hold steady as UK house price growth slows

Private rents across the UK rose at the same annual rate in February, while...

Latest publication

Other news

Clydesdale Bank raises selected residential and buy-to-let rates

Clydesdale Bank is increasing a number of residential and buy-to-let product transfer rates from...

24-hour secured loan case underlines growing use of specialist finance

A secured loan completed within 24 hours is being cited as a sign of...

Industry pushes to build next generation of home valuers

According to RICS, the average qualified surveyor is in their mid-fifties. Couple this with...