Precise Mortgages is opening up its entire product range to Scottish homeowners.
The lender, which distributes solely through intermediaries, has a range of short-term lending and buy-to-let products. It also offers near-prime products to homeowners who may have had minor credit difficulties. It aims to make its products available in Scotland by early August.
Last month, Money Marketing revealed Precise is to offer an interest-only option and will lend up to 75 per cent loan to value. It may also raise its residential lending limit of £500,000 and loosen self-employed criteria.
Managing director Alan Cleary says: “We are really looking forward to getting back into Scotland. It has been a very good area for us in the past at BM Solutions and Edeus.”
HMG Financial Services mortgage consultant Harry McGinn, who is based in Scotland, says: “This will make a huge difference. We are limited up here for even remotely adverse customers.”