Many mortgage brokers and IFAs may have thought it was an April Fool but Precise Mortgages has confirmed that the incentive is genuine.
Alan Cleary, managing director of Precise Mortgages, said: “This morning’s press release was a bit of fun but we really are launching an incentive for all mortgage brokers registered on our system.”
All brokers registered by the 30th April 2011 will be entered into a prize draw and one lucky broker will win £5,000 cash. With the average advance standing at £119,000 one year’s repayment would equate to £4,760, plus interest, or around £5000.
Cleary added: “Mortgage intermediaries have had a tough couple of years and today marks the launch of a heavyweight campaign designed to help mortgage intermediaries improve their income in 2011 whilst helping borrowers who have found it difficult to obtain mortgages in recent years.
“The title of the new campaign is Prime Time for Near Prime and there will be a series of announcements and innovations over the next couple of months which will be of real interest to all of our registered brokers.”
