Precise pulls BTL and resi ranges with relaunch tomorrow – Mortgage Strategy

Exact Mortgages is pulling its present buy-to-let and residential mortgage vary from 8pm this night, 4 July.

The lender will introduce new merchandise to the market from 9am tomorrow.

In a word to brokers, Exact stated all minimal supporting paperwork for present purposes should be submitted by 5pm this Thursday, 6 July.

For non-portfolio BTL purposes, this contains the signed direct debit mandate and any further paperwork required as a part of the preliminary underwrite.

For portfolio landlords, these paperwork embrace:

Signed direct debit mandate.
Current property portfolio type uploaded to the BTL Hub.
Mixed marketing strategy, money movement, and property and liabilities type, together with newest months’ financial institution assertion evidencing lease and mortgage funds.
As a part of the preliminary underwrite we could require further documentation.

For residentialapplications the paperwork wanted by 5pm Thursday embrace:

Signed direct debit mandate.
Newest yr’s accounts/tax calculation accompanied with correspondingtax yr overview (self employed).
1 month from the most recent 2 months’ payslips (internet pay should be consistentwith financial institution assertion) (employed).
The newest 3 calendar months’ private financial institution statements showingincome and expenditure.
As a part of the preliminary underwrite we could require further documentation

Full particulars of the lender’s doc submission necessities will be present in its ‘proper first-time submission information’.