Precise boosts residential borrowing capacity
Borrowing capacity has been improved by up to 35% in some cases.

Precise has updated the affordability calculation process for its residential range, meaning the average borrowing capacity has now been increased by an average of 9%, but could be higher depending on customer circumstances.
This enhancement offers increased financial options for brokers with residential customers looking to secure their first step on the housing ladder or to secure additional funds for those seeking to remortgage.
The process now includes reductions to assumed living expenses and costs for dependants, as well as updating income tax and national insurance contributions. This is in addition to Precise’s existing promise to not include child commitments in calculations.
Affordability calculation example
The following calculation example shows a 35% borrowing boost, from a previous maximum loan of £298,365, to a new improved maximum loan of £403,365 under the new calculation:
• 74% LTV residential purchase
• Two-year fixed Tier 2 product
• 30-year term
• Applicant 1 income £45,000
• Applicant 2 income £40,000
• Two children
• £175 monthly payments on £3,675 credit card debt.
Adrian Moloney, intermediary sales director at OSB Group, said: “I’m really pleased we’re now able to offer greater affordability through these calculation updates which are backed up by the strong residential range which we launched last week in Precise.
“These changes underpin our commitment to helping our brokers navigate around the inflationary pressures that affect their residential customers’ affordability and is an area that we’ll continue to focus on.”

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