Precise increases loan limits to up to 6 times income with no profession restrictions
29 July 2025
As part of its on-going support for the specialist residential sector, Precise has increased borrowing potential and is now able to lend up to 6 times loan to income (LTI) for eligible residential customers.
This criteria change follows Rachel Reeves’ Mansion House speech on 15 July1, in which she announced the cutting of financial red tape in a bid to boost homeownership in the UK with a pledge to support 36,000 first time buyers over the next 12 months.
Precise does not impose restrictions according to professions, so brokers can be assured that as long as a customer meets the internal credit score and affordability assessments, then the application will be considered.
Key highlights of the Precise residential range include:
- Income multiples up to 6x at 95% LTV – includes borrowers with recent adverse
- Fully inclusive of all borrower types: employed, self-employed, adverse, joint, FTB, movers
- Rates from 4.77%
Adrian Moloney, Intermediary Sales Director, OSB Group said,
“Precise has consistently supported the specialist residential market and this latest increase to LTI multiples follows a number of positive changes that have been made this year.”
“These changes include increased affordability calculations (average of 9%), reduced stress rates to 1.25% as well as LTV now up to 95% which means we’re able to support even more customers with affordability challenges.
“To illustrate what this means in real terms, if a couple’s joint income was £80,000 at the start of the year, they had the potential to borrow up to £400,000 at 85% LTV (subject to eligibility) but from today that same couple could access up to £480,000 at 95% LTV, giving them an uplift of over 20% with smaller deposit requirements.”
