Precise Mortgages Secured Loans Review Updated For 2026
Precise can be worth a look when the case is not neat and tidy.
- Broker-only options that do not usually appear on comparison websites
- Useful where the income, credit file or property story needs explaining
- Often used for clearing cards, loans or car finance into one secured payment
- Lender choice depends on the detail, not just the credit score
- Higher loan-to-value options may be possible through specialist lenders
- Homeowners may be able to borrow from £10,000 upwards, subject to status
- The existing mortgage can usually stay where it is
- A soft-search enquiry can be used before a full application
- Light, heavy and older adverse credit can all be looked at, depending on the case
Pre-decision enquiry form
Precise Mortgages is a broker-only lender often considered when a homeowner wants a second charge loan, but the case does not sit neatly with a high-street bank. The appeal is usually the underwriting style: the income, credit file, loan purpose, and property value are considered together, rather than reduced to a single score on a screen.
The original Precise example on this page showed £35,000 over a ten-year secured term, with a tracker rate, product fee, broker fee and administration fee included in the illustration. The source used was PreciseMortgages.co.uk.
Where Precise may fit
Precise Mortgages is often talked about where the borrower is not a clean high-street case. The useful part is not magic underwriting; it is getting the case packaged properly before it lands on an underwriter’s desk.
Precise is not usually the first name that comes to mind when people want the cheapest possible loan. It is more often considered when there has been prior bad credit, unusual income, self-employment, a history of debt management, or a property issue that a standard lender does not like.
That is why a broker may compare Precise against a wider panel before making a recommendation. For one borrower, the best-value secured loan rate may still come from a cleaner lender. For another, a slightly higher rate may be acceptable if it means the loan can actually be completed.
Where the choice is between leaving the current mortgage untouched and starting again, the page on using a secured loan instead of remortgaging is worth reading. A second charge can leave a low first-mortgage rate alone, although the extra borrowing still has to be affordable.
Credit history and the paperwork
Bad credit does not automatically rule out borrowing against a home. Missed payments, defaults, and CCJs will still matter, but affordability, equity, and the reason for borrowing can carry more weight than a headline score. If the purpose is to clear cards, loans or overdrafts, a debt consolidation secured loan can be easier to explain than a vague cash withdrawal.
Some borrowers arrive after being declined for an unsecured personal loan. That is not unusual. A lender taking a charge over the property has a different risk position, which is why a homeowner loan after credit problems may still be possible, whereas a personal loan is not.
A joint case can change the numbers. If there are two incomes and one credit file is stronger than the other, borrowing in joint names may give the lender a better view of affordability. It still needs to make sense for both borrowers, because both names are tied to the secured debt.
Other lenders, a broker might put beside Precise
A broker-only comparison need not begin and end with one lender. Some cases sit closer to Norton Finance for awkward homeowner borrowing. Larger or less tidy cases may be placed with United Trust Bank. A borrower with a non-standard property or more details in the background may be shown Masthaven Bank or Together Money.
For other adverse-credit work, a broker may also check Pepper Money, 1st Stop Loans, Paragon Bank, Optimum Credit and Spring Finance. These names appear often because the lending rules are not identical from one lender to the next.
Older lender names still crop up in borrower searches. Someone who remembers Blemain Finance may now be dealing with a changed market, but the reason for the search is usually the same: a homeowner wants a lender that is willing to listen to the story behind the credit file.
The comparison can be broader still. A neat borrower might look at Nationwide for home improvements or NatWest lending for renovation work. Some borrowers ask about TSB secured lending, while another homeowner may compare that with Santander home-improvement borrowing.
Loan amount, term and rate
If the figure is close to £25,000, the page on raising around 25k gives more context. Some borrowers care most about the monthly payment; others care about the total cost. That is where second mortgage pricing, term length and fees need to be weighed together, rather than judged by rate alone.
A fixed-rate secured loan can suit someone who wants predictable repayments. Someone who dislikes long calls may ask about a low-contact secured loan route, although the lender will still need enough information to underwrite the case properly.
For homeowners with more severe credit problems, bad-credit homeowner borrowing tends to come down to income, equity, recent conduct and the story behind the credit file. That is also why the general second charge lender panel matters: one lender’s decline is not always the end of the road.
The less glamorous paperwork still matters. A tidy bank statement, a clear explanation of past credit problems, and a sensible purpose for the loan can make the difference between a quick decline and a case worth packaging. Precise will still want proof. It just means the proof is read by people who are used to non-standard mortgage cases.
That is why the page should not be read as a promise that Precise will always be cheapest or easiest. It is better read as one route in a broker-only market, especially when the borrower has equity but does not fit the vanilla bank model.
Precise Mortgages contact and regulatory details
Precise Mortgages is a trading name of Charter Court Financial Services Limited. Charter Court Financial Services Limited 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.
Postal address for Precise Mortgages: 2 Charter Court, PO Box 6037, Wolverhampton, WV1 9QW. Intermediary enquiries: 0800 116 4385. Product transfers: 0333 240 6180. Existing customer support: 0800 298 5714. Support with financial difficulties: 0800 781 8558. Email: enquiries@precisemortgages.co.uk.
