Precise restructures ahead of MCD

The MCD will radically alter the second charge lending market as it brings these loans into the MCoB regime which results in the sales processes for first and second charges becoming more aligned.

In order to further support packagers, specialist distributors and master brokers Liza Campion and James Briggs become dedicated National Sales Managers focused on this important group of intermediaries. Liza whose expertise in first charge lending is complimented by James’ experience in the second charge market.

Jamie Pritchard and Richard Keen will work closely with Roger Morris in supporting mortgage networks and mortgage clubs across all lending lines.

Sundeep Patel will increase his focus in the London market and Kevin Beale will continue with his drive to improve the lender’s New Build proposition.

All will continue to be led by Roger Morris, Director of Sales.

Gareth Lewis and Chris Parr are unaffected by the changes and continue to drive bridging lending.

Alan Cleary, Managing Director of Precise Mortgages said:

“Precise Mortgages has a very broad product range spanning Residential, Buy to Let, Bridging and Second Charges as well as an appetite to increase New Build lending.  We have been encouraging our key intermediary partners to distribute all of our product lines and this change is reacting to that shift.  In addition we must anticipate the changes that are likely to occur post MCD and react accordingly so that we give the best possible support to intermediaries and their customers.”