Buy-to-let lender Precise Mortgages is to move into the regulated mortgage market following its application’s approval by the FSA.

Ian Lonergan, CEO of Precise Mortgages, said: “We are committed to bringing new funding to the UK mortgage market and it’s fantastic to get the green light from the regulator. Our dedication to the intermediary market remains as we continue with our strategy of distributing exclusively through mortgage brokers.””