---
title: Introducing our new criteria
---

    

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give your declined deals another shot with our enhanced criteria.

We’re focused on making changes that mean fewer hard stops and more cases moving from decline to accept, with criteria built around how people actually live and buy today.

more flex on interest-only

**What’s changed?**

- Interest-only lending increased from 65% to 75% LTV
- £150k minimum equity requirement removed
- No minimum equity required, provided LTV is within 75%

**Why it matters**

- Unlocks affordability where repayment mortgages fall short
- Supports lifestyle, later-life, and cashflow-led borrowing

**Perfect for**

- Home movers and remortgagers
- High earners with repayment vehicles
- Older borrowers looking to manage monthly outgoings

**Repayment vehicles**

The value of the repayment vehicle must be at least equal to the net loan amount at the time of application.

**Acceptable repayment vehicles**

- Sale of security
- Savings and/or investments
- Sale of additional property
- Pension (where policy criteria are met)

Unacceptable repayment vehicles

- Future bonus or commission payments
- Endowment policies
- Inheritance
- Sale of a business
- Jewellery, antiques or other chattels

[How much more could your customer borrow? Try our calculator](https://www.precisemortgages.co.uk/intermediaries/calculators/residential-calculator/)

high-rise flats accepted

**What’s changed**

- Flats above 20 storeys now considered
- More lending support that reflects modern city living

**Why it matters**

- Removes a common automatic decline reason
- Expands options in key city-centre markets

**Perfect for**

- London and major city cases
- New build and modern apartment blocks
- Urban professionals

[See our latest products](https://www.precisemortgages.co.uk/intermediaries/products/residential/product-finder)

wider eligibility, for everyday borrowers

**Lower minimum age and lower minimum income**

We’ve widened eligibility criteria to ensure more low-income households can be assessed, rather than automatically declined at the outset.

What’s changed?

Minimum age: 18  
Minimum income: £10k  
Improved support for joint borrowers with lower incomes

How this works in practice (illustrative example)

Purchase details: 

- Applicants: Joint, both aged 20
- Incomes: £13k and £14k
- Property value: £160k
- Gifted deposit: £60k from a close family member
- Loan required: £100k (62.5% LTV)

Before the change 

- Combined income and age below minimum criteria
- Affordability calculator returned £0 result
- Application auto-declined prior to full assessment

Now

- Combined income meets the minimum threshold for calculation
- Case can proceed to full affordability assessment

Final lending outcome determined by declared outgoings, loan term, product selected and overall applicant profile (not by income threshold alone).

[View our products](https://www.precisemortgages.co.uk/intermediaries/products/residential/product-finder)

Ready to wake up to a better brew?

Put the upgraded Precise resi blend to work on your next case.

 

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### INTERMEDIARIES ONLY

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