For cases with a gross loan to value up to 50% the lender will normally require a completed application form subject to its own checks and a satisfactory valuation.
Alan Cleary, managing director of Precise Mortgages, said: “We are well known for constantly aiming to improve service and this move means that for low risk cases there is less paperwork and improved turnaround times.”
Earlier in the month the lender increased its procuration fees for brokers by 25%.
