Precise welcomes contract workers
Following on from a recent criteria change, the specialist lender has recently revised its lending policy to now accept contract workers.
Precise’s new policy now means self-employed contractors and PAYE contractors can access all residential mortgage products with LTVs up to 85%, first charge residential rates starting from 2.94% and second charge residential rates from 4.95%.
Alan Cleary, managing director of Precise Mortgages, said:
"This criteria improvement coupled with our recent changes to self-employed criteria make us a natural choice for brokers looking to place cases where the applicants have non-standard employment contracts.”
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