Exact Mortgage Experts key personnel have launched a new buy-to-let lender called Precise Mortgages.

This announcement comes on the same day that Aldermore has opened its doors to new lending.

Exact have analysed over £5 billion worth of mortgages for clients and have establish a third-party servicing platform.

Ian Lonergan, Exact’s CEO, said: “Over the last two years a fundamental mortgage shortfall has developed as lenders have exited the market