Precise publishes portfolio proposition online

Published on

Precise Mortgages has put its portfolio proposition online ready for the Prudential Regulation Authority’s (PRA) portfolio landlord changes on 30 September.

Once the changes are implemented, Precise Mortgages will require brokers to submit a business plan, an assets and liabilities statement, and details of their customer’s residential property portfolio.

Brokers will not however need to key the additional information into the system.

Alan Cleary (pictured), Precise’s managing director, said: “We’re giving brokers a head start by making our forms accessible more than a week before the PRA’s new underwriting standards for portfolio landlords come into force.

“It means brokers can start collecting their customer’s information in advance and be ready in plenty of time. Once the portfolio team has input the information into the system, it will remain valid for six months making future applications even more straightforward.”

Latest POLL

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

Mortgage marathon mania sweeps the Capital

The 2025 London Marathon made history yesterday - setting a new world record for...

Five-year frenzy: Brokers urged to act as fixed-rate terms end

Mortgage brokers are being urged to step up their client engagement strategies as a...

The Mortgage Soup view: Challenges and opportunities for brokers

One of the biggest focal points for brokers this year is the sheer volume...

Dividend growth could be boost for mortgage sector

Despite a 4.6% fall in UK company dividends during the first quarter of 2025...

Other news

What, me? Standing out in a crowded market

The mortgage market is changing. It’s more competitive, more complex and more client-focused than...

Mortgage marathon mania sweeps the Capital

The 2025 London Marathon made history yesterday - setting a new world record for...

Food for thought for those not selling mortgage protection

Networks have told me that only one-in-four mortgages arranged are safeguarded by mortgage protection...
Advertisement