First-time buyers are now acceptable across all Home Owner products, both almost prime and near prime.
New Build properties are now acceptable on Home Owner and BTL products with no LTV restrictions on property types via AToM.
Dale Jannels, managing director at AToM, said: "Precise Mortgages have always been product innovators and looking for ways to fill gaps in the market.
“These criteria changes show they listen to feedback and are aiming to fill the lack of high LTV products available to first-time buyers in the almost prime sector.
“At the same time Precise will also look to assist those buying a new build property. So effectively a first-time buyer can now buy a new build flat at 85% LTV, having had a minor issue or two in the past!
“These are really positive moves and I’m excited about the business opportunities these will bring.”
Alan Cleary, managing director of Precise Mortgages, said: “We have a long running relationship with AToM and this set of products is recognition of their ability to generate high quality mortgages, I am sure the products will be well received by their brokers.”
