Precise Mortgages, part of OSB Group, is withdrawing its existing range of buy-to-let and residential products ahead of a refreshed offering tomorrow.
Brokers have until 8pm on 4 July to submit full mortgage applications for existing deals, while the minimum supporting documents must be supplied by 5pm on Thursday.
This includes a signed Direct Debit mandate for residential, non-portfolio buy-to-let and portfolio buy-to-let applicants.
The updated range, including a full residential offering, will be available from 9am tomorrow.
Adrian Moloney, group intermediary director at OSB Group, said: “We’re withdrawing some products from Precise Mortgages which are available until 8pm today and launching new products including a full residential range which will be available from 9am tomorrow.”
This is the second time in the last two weeks that the lender has pulled products from its range. In June, Precise announced that it would temporarily withdraw select products within its residential range. At the time, it attributed this to the fast changes in mortgage pricing and said it made the decision to protect its service levels.
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
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