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

First-time buyers face pressure as high LTV mortgage choice falls

First-time buyers remain under pressure from reduced mortgage choice and stretched affordability, despite signs...

The Right Mortgage reports Q1 growth across lending and protection

The Right Mortgage & Protection Network has reported year-on-year growth across mortgage lending, protection,...

OMS adds Twenty7tec monitoring tool to broker platform

One Mortgage System (OMS) has integrated Twenty7tec’s ADAPT product monitoring tool into its CRM...

Together prices £542m commercial real estate MBS

Together has priced a £542m small balance commercial real estate mortgage-backed securitisation, its second...

Beyond the walk: Mortgage leaders talk mental health – part 10

The Mortgage Industry Mental Health Charter (MIMHC) began its third annual 144-mile Walk &...

Latest publication

Other news

First-time buyers face pressure as high LTV mortgage choice falls

First-time buyers remain under pressure from reduced mortgage choice and stretched affordability, despite signs...

The Right Mortgage reports Q1 growth across lending and protection

The Right Mortgage & Protection Network has reported year-on-year growth across mortgage lending, protection,...

OMS adds Twenty7tec monitoring tool to broker platform

One Mortgage System (OMS) has integrated Twenty7tec’s ADAPT product monitoring tool into its CRM...