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Precise Mortgages Review

Precise Mortgages is a UK specialist mortgage lender that forms part of OSB Group (formerly OneSavings Bank), a FTSE 250 bank. Precise focuses on the specialist lending market — serving customers who do not fit mainstream lender criteria due to complex income, adverse credit, portfolio landlord status, or unusual property types. Products include bridging loans, buy-to-let mortgages (including HMO and multi-unit freehold blocks), and commercial mortgages. Precise is widely distributed through the intermediary market and is well regarded for its underwriting expertise on portfolio landlord cases, which became more complex following the 2017 PRA portfolio landlord rules.

Written by the Lendus editorial team. Last updated: April 2026.

200+ UK lenders
2-minute application
No credit check to apply
FCA-regulated brokers

Amount

£75k – £15M

Rates

0.59% – 1.3%

per month (bridging); commercial and BTL mortgages from 5.5% per annum

Speed

Credit decision within 48 hours; completion typically 3–4 weeks

Trustpilot

3.9/5

400 reviews

What is Precise Mortgages?

Precise Mortgages (Precise Mortgages Limited) is a UK-based business finance provider founded in 2010 and headquartered in Chatham. Precise Mortgages is a UK specialist mortgage lender that forms part of OSB Group (formerly OneSavings Bank), a FTSE 250 bank. Precise focuses on the specialist lending market — serving customers who do not fit mainstream lender criteria due to complex income, adverse credit, portfolio landlord status, or unusual property types. Products include bridging loans, buy-to-let mortgages (including HMO and multi-unit freehold blocks), and commercial mortgages. Precise is widely distributed through the intermediary market and is well regarded for its underwriting expertise on portfolio landlord cases, which became more complex following the 2017 PRA portfolio landlord rules. .

Founded 2010 Chatham Precise Mortgages Limited is authorised and regulated by the Financial Conduct Authority. FCA reference number 549400. Part of OSB Group PLC, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

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Products offered

Bridging Loans Commercial Mortgages

Rates and costs

Rate range
0.59% – 1.3% (per month (bridging); commercial and BTL mortgages from 5.5% per annum)
Representative APR
10.9% APR representative (bridging)
Amount range
£75,000 – £15,000,000
Approval speed
Credit decision within 48 hours; completion typically 3–4 weeks

Representative example

Borrow £400,000 over 12 months. Total repayable: £452,000. Cost of credit: £52,000. Your rate depends on your circumstances.

Eligibility requirements

Minimum trading history
None required for property-backed lending
Minimum turnover
None — property and income backed
Credit requirements
Complex income and moderate adverse credit considered. Portfolio landlords (4+ mortgaged properties) accepted with experienced specialist criteria. HMO, MUFB, and semi-commercial accepted. Credit scoring is manual and case-by-case rather than automated.

How to apply

1

Check eligibility through Lendus — answer a few questions about your business and funding needs (2 minutes)

2

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3

Review your matched options — see rates, terms, and eligibility from multiple providers including Precise Mortgages

4

Choose the best offer and complete the application with your matched lender directly

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Pros and cons

Pros

  • Part of FTSE 250 OSB Group — significant capital backing and financial stability
  • Specialist criteria for portfolio landlords with 4+ mortgaged properties
  • HMO, multi-unit freehold block, and semi-commercial accepted
  • Complex income accepted — self-employed, contractor, mix of income sources
  • Experienced specialist underwriting rather than automated decline

Cons

  • Primarily distributed through brokers — limited direct customer access
  • Slower than pure bridging specialists for urgent completions
  • Not suitable for unsecured business finance or working capital
  • Trustpilot score lower than some specialist peers due to broker-focused model

Is Precise Mortgages right for you?

Best for

Portfolio landlords with 4+ properties, HMO investors, self-employed borrowers with complex income, and property investors needing specialist criteria that mainstream lenders cannot accommodate

Not ideal for

Businesses needing unsecured working capital, those seeking the fastest possible bridging completion, or borrowers with very severe adverse credit across all credit types

Precise Mortgages alternatives

If Precise Mortgages isn't the right fit, consider these alternatives:

Shawbrook Bank Together West One Loans LendInvest

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Frequently asked questions about Precise Mortgages

Is Precise Mortgages legit?
Yes, Precise Mortgages Limited is a legitimate FCA-authorised specialist lender (FCA reference 549400) and part of OSB Group PLC, a FTSE 250 bank listed on the London Stock Exchange. Precise has been operating in the UK specialist mortgage market since 2010 and is one of the most widely recognised specialist lenders among UK mortgage intermediaries. You can verify their FCA status at register.fca.org.uk.
What are Precise Mortgages interest rates?
Precise bridging loan rates typically start from around 0.59% per month for low-LTV, first charge transactions with clean credit and a viable exit strategy. Rates reach 1.3% per month for higher-risk cases. Buy-to-let and commercial mortgage rates start from approximately 5.5% per annum depending on LTV, property type, and borrower profile. All Precise rates are individually underwritten — the exact rate for your case depends on the specific circumstances.
Can I get a Precise Mortgages loan with bad credit?
Precise Mortgages is designed for complex cases and will consider moderate adverse credit history, particularly where the adverse event is historical and there is a plausible explanation. Satisfied defaults, missed payments, and some CCJs can be considered on a case-by-case basis. Precise is not a specialist adverse credit lender for very severe profiles, but its manual underwriting approach means cases that would be automatically declined elsewhere may be accepted after a full credit review.
How much can I borrow from Precise Mortgages?
Precise Mortgages provides bridging loans and commercial mortgages from £75,000 to £15 million. Buy-to-let and portfolio mortgages are sized based on rental income coverage and property value. Portfolio landlord cases can be assessed on a background portfolio basis alongside the property being financed. HMO and multi-unit freehold block lending is available at competitive LTVs for experienced landlords.
Is Precise Mortgages FCA regulated?
Yes, Precise Mortgages Limited is authorised and regulated by the Financial Conduct Authority under FCA reference number 549400. As part of OSB Group PLC, Precise benefits from additional PRA oversight at a group level. Consumer mortgage products are subject to full FCA mortgage regulation under the Mortgage Conduct of Business rules (MCOB). Commercial and investment lending is also subject to FCA conduct requirements.
How fast does Precise Mortgages approve applications?
Precise Mortgages typically provides a credit decision within 48 hours of receiving a full application through an intermediary. Legal completion on a bridging loan typically takes 3 to 4 weeks from credit approval. Buy-to-let and commercial mortgage completions follow a similar timeline to mainstream lenders, typically 4 to 8 weeks depending on conveyancing and valuation. Precise is not the fastest bridging lender for urgent same-week completions.
Can I repay a Precise Mortgages loan early?
Early repayment terms vary by product at Precise Mortgages. Bridging loans typically allow early repayment after a minimum interest period of 1 to 3 months. Fixed-rate buy-to-let mortgages may carry early repayment charges during the fixed period. Variable rate products typically allow overpayments without penalty. Always check your specific mortgage illustration or facility agreement for exact early repayment terms before making any payment.
Precise Mortgages vs Shawbrook Bank — which is better for portfolio landlords?
Both Precise Mortgages and Shawbrook Bank are highly regarded specialist lenders for portfolio landlords, and the best choice depends on your specific portfolio profile. Precise Mortgages has particularly deep expertise in HMO, multi-unit freehold block, and complex portfolio cases, and its criteria for portfolio landlords with 4+ mortgaged properties is well-developed. Shawbrook Bank, as a full bank, may offer more competitive rates on lower-risk commercial mortgage cases and can also provide bridging and business finance from the same institution. A Lendus comparison will quickly surface which lender offers the best terms for your portfolio structure.

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