Precise offers free valuations to help drive affordability for homebuyers

13 March 2026

Specialist residential lender Precise has expanded its affordability support for budget conscious first-time buyers, home movers and borrowers remortgaging, by introducing free standard valuations across its residential range.

The enhancement applies automatically to all residential cases for properties worth up to £400,000, removing a key upfront cost often cited as a challenge by brokers. In addition, assessment fees have been reduced to a flat £99, regardless of property value.

For brokers, these changes can mean a smoother, more accessible journey for customers who may struggle with initial outlays. Lowering upfront costs not only increases affordability but also helps speed up the mortgage process by removing the potential stumbling block of costly valuations.

These updates build on earlier affordability measures launched this year, including 40 year mortgage terms and the removal of minimum equity requirements on interest only loans, giving brokers even more tools to support buyers with constrained budgets.

Emily Hollands, Group Head of Distribution, Precise said

“We’ve listened to broker feedback about the upfront cost barriers and in response we’ve removed the standard valuation cost for purchases and remortgages.

The changes help brokers to support first-time buyers, home movers and those remortgaging at the earliest stage of their mortgage journey. These additional enhancements form part of Precise’s continued commitment to improving affordability and helping more buyers access the homes they need.”

Kylie-Ann Martin, Director & Financial Advisor, KAG Financial said

“Customers continue to face increasing living costs with initial budgets stretching only so far. These changes across Precise’s residential range offer welcome support, especially for those trying to secure their first home. Reducing upfront costs not only makes homeownership more accessible but also helps minimise the financial shock many first time buyers feel when navigating mortgage fees.”