According to the lender's Priority Processing Team, cases will be assesed within 48 hours of receipt and making an offer within 21 days.
It will now also accept Debt Management Plans as a monthly commitment, as well as considering customers with limited CCJs, defaults and adverse credit.
James Chidgey, New Build Relationship Manager at Mortgage Advice Bureau, said: “Any improvement to specialist products which support Help to Buy is something to be welcomed.
With rates starting from 3.74% and a Priority Processing Team in place, Precise Mortgages is demonstrating its commitment to helping first time buyers get a mortgage.”
Kevin Beale, Precise Mortgages’ National Sales Manager, added: “Since launching our Help to Buy offering in early 2016, we’ve had fantastic success in helping customers purchase new build homes.
Our Help to Buy service is one brokers and their customers can rely on. We also accept 5% builder incentives and will refund valuation fees up to a maximum of £630.”
