From Renting to owning – Thanks to 6x income and 95% ltv.
Harry and Jessica are first-time buyers in Newcastle who are tired of renting. With a strong combined income of £62k and £18k saved, they’ve found a 3-bed for £350k, the perfect first home they've purchased to start their future together.
But one default, registered just over two years ago, means most lenders won’t support them - especially at 95% LTV.
how most lenders would respond.
The high street
Would decline – due to historic default.
Other specialist lenders
Might accept the default, but not at 95% LTV - meaning Harry and Jessica are stuck renting while they save more, risking being priced out in the meantime.
That could leave them having to:
- Keep paying rent instead of getting onto the property ladder
- Miss out on the property they want
- Settle for less space or a less ideal location later on
The precise difference.
At Precise, we support first-time buyers like Harry and Jessica - even with historic blips. With up to 6x income and 95% LTV available, they can finally own their own home.
Industry-leading borrowing power.
We offer up to 6× income at up to 95% LTV – a combination rarely matched.
Most lenders either cap income multiples or reduce LTVs to 85-90%, especially for first time-buyers.
Fully inclusive of all borrower types.
While others restrict higher income multiples by profession, deposit size and tighten lending for adverse credit or self-employed applicants, we keep it simple and accessible.
Criteria that offers more potential.
- No maximum debt-to-income ratio (DTIR), but an affordability assessment will be carried out based on the applicant's full financial position
- No extra deductions for childcare costs, pension contributions, and sharesave schemes
- Unsatisfied CCJs and defaults don’t impact affordability unless there’s a formal repayment plan.
- Consolidated debts are excluded from affordability calculations
- Minimum income £15,000
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Precise Mortgages is a trading name of Charter Court Financial Services Limited which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register Firm Reference Number 494549). Registered in England and Wales with company number 06749498. Registered office: 2 Charter Court, Broadlands, Wolverhampton WV10 6TD. Copyright © Precise Mortgages 2025.