All Types of Mortgages Ltd (AToM) has been selected as one of a select group of packagers/distributors to offer a new range of criteria changes at 85% LTV from Precise Mortgages.
First-time buyers are now acceptable across all home owner products, both Almost Prime and Near Prime.
New Build properties are now acceptable on home owner and buy-to-let products with no LTV restrictions on property types.
Dale Jannels, managing director of AToM said the criteria changes showed Precise Mortgages listen to feedback.
He added:”At the same time, Precise will also look to assist those buying a new build property. So effectively a First Time Buyer can now buy a new build flat at 85% LTV, having had a minor issue or two in the past.
“Really positive moves and I’m excited about the business opportunities these will bring.”
Alan Cleary, managing director of Precise Mortgages, added: “We have a long running relationship with AToM and this set of products is recognition of their ability to generate high quality mortgages, I am sure the products will be well received by their brokers.”