Precise Mortgages Bad Credit Mortgage Guide: Specialist Lending for Adverse Credit

Precise Mortgages bad credit mortgage options are designed for people whose financial history or deposit size might exclude them from mainstream lenders. By combining flexible underwriting with a suite of tailored products, Precise offers potential homeowners a viable path even after credit hiccups or complex income patterns.

In this guide, we explain how Precise works, the types of adverse credit they’ll consider, what LTV and income multiples look like, and how you can prepare to improve your chances of approval.

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Why Precise Mortgages Can Help When High-Street Lenders Say No

Precise Mortgages operates as a specialist lender aimed at customers with more complex circumstances: past credit issues, small deposits, self-employment, or other non-standard income. Their residential mortgage range is explicitly designed for:

• Borrowers with adverse credit history. precisemortgages.co.uk+2trustpms.com+2
• Self-employed applicants, even if they have only one year’s accounts. precisemortgages.co.uk+1
• People seeking high LTV mortgages or first-time buyers with small deposits. precisemortgages.co.uk+1

Their emphasis on “specialist lending without fuss” reflects their belief that life’s complexities shouldn’t block homeownership. precisemortgages.co.uk+1

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Precise Mortgages: Product Overview & Lending Scope

Here’s what Precise typically offers under their residential mortgage range:

• LTV up to 97% in certain cases (with fees added). precisemortgages.co.uk
• Income multiples up to 6× gross income — higher than many mainstream lenders allow. Deal Direct+1
• Mortgages available for both purchases and remortgages, including home-improvement remortgages in eligible cases. precisemortgages.co.uk+1
• Lending up to multi-million-pound mortgages depending on the LTV and product type. precisemortgages.co.uk+1
• Products for first-time buyers, home-movers, new-build purchasers, and remortgage clients. precisemortgages.co.uk+1

This breadth makes Precise a go-to lender when standard options are limited.

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What Kinds of Adverse Credit Does Precise Accept — And On What Terms

Precise accepts a range of past credit issues, though exact acceptance depends on timing, severity and supporting documentation. Key acceptable credit profiles include:

• Historic defaults and CCJs (subject to them being old enough and satisfied) precisemortgages.co.uk+1
• Mortgage or secured loan arrears, depending on how recently they occurred and their status at application precisemortgages.co.uk+1
• Unsecured arrears, missed payments, and some forms of arrears history (depending on frequency and recency) precisemortgages.co.uk+1
• Applicants with an active or previously agreed Debt Management Plan (DMP) or Debt Arrangement Scheme (DAS) — provided terms are met (e.g. minimum DMP duration or sufficient elapsed time since settlement). precisemortgages.co.uk+2precisemortgages.co.uk+2

Because Precise uses a tiered adverse-credit system, the exact product you are offered depends on how “impaired” your credit file is. Even older or mild credit blips may qualify for higher LTV or better rates. Mortgage Professional+1

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Typical Deposit and LTV Expectations with Adverse Credit

With adverse credit, deposit size and property equity become more significant. Here’s a rough breakdown with Precise:

• If credit issues are older, mild or settled — you may still access high LTV/mortgage options (potentially up to ~85–95% depending on product and risk profile). precisemortgages.co.uk+1
• More recent or serious credit problems (arrears, CCJs, defaults, active or recent DMP) will likely lead to lower maximum LTV, or a requirement for a larger deposit or equity buffer. precisemortgages.co.uk+2Online Mortgage Advisor+2

As with any adverse-credit application, the stronger your deposit (or equity on remortgage), the more flexibility you typically unlock.

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Affordability & Income: What Precise Looks For

Precise accommodates a variety of income types and situations, including:

• Salaried employment
• Self-employment, sole traders, company directors — even with only one year’s accounts precisemortgages.co.uk+1
• Contractors, freelancers and others with non-standard or variable income profiles trustpms.com+1
• Applicants needing higher multiples (up to 6× income) depending on deposit, credit history, and overall financial stability Deal Direct+1

Their underwriting tends to be case-by-case, using discretion rather than rigid “score-cutoffs,” which often helps people with complex financial lives succeed where mainstream lenders decline.

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When Precise Might Decline: Common Pitfalls to Watch For

While Precise is flexible, there remain circumstances where they may decline an application. Common risks include:

• Severe or very recent adverse credit — for example recent CCJs, defaults, or unsatisfied arrears may be classed as too risky. Online Mortgage Advisor+1
• Active employment but still within a probationary period — many specialist lenders, including Precise, avoid lending in such cases. Online Mortgage Advisor
• Properties with non-standard construction (e.g. certain concrete or timber builds), or issues such as structural risk, certain defects or location-based risks — as these may fall outside the lender’s acceptability criteria. Online Mortgage Advisor+1
• Borrower age — if near or beyond retirement age with inadequate evidence of sustainable retirement income, it may be difficult to secure long-term lending. Online Mortgage Advisor

Being aware of these potential barriers helps you and your adviser prepare more robust applications.

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Who Benefits Most from Using Precise Mortgages

You’re likely a good fit for Precise if you:

• Have a less-than-perfect credit history (defaults, CCJs, arrears, settled DMPs)
• Have a lower deposit or need high LTV lending
• Are self-employed, freelance, contractor or have a non-typical income structure
• Are first-time buyers, home-movers or remortgagers needing flexibility
• Have been declined by mainstream or high-street lenders

In short — if your case is outside the “standard” mould, Precise is built to consider it fairly and flexibly.

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How to Strengthen Your Application with Precise

From our experience, the following steps improve your chances of being approved:

1. Organise all credit and debt history — ensure any CCJs, defaults or arrears are settled; gather documents showing satisfaction or repayment history.
2. Have a clear paper trail — recent bank statements, proof of income (payslips, accounts, contracts), evidence of deposit or equity.
3. Be realistic about deposit or equity — a larger deposit or more equity helps offset past credit issues.
4. Avoid recent job changes or probationary roles before applying — lenders generally prefer stable employment history.
5. Work with an experienced specialist broker — someone who knows Precise’s criteria and can properly package your application.

With good preparation, many previously discouraged borrowers succeed with a Precise application.

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Final Thoughts

Precise Mortgages stands out as one of the UK’s leading specialist lenders for borrowers with adverse credit or complex financial situations. Their flexible underwriting, range of high LTV and specialist products, and willingness to consider non-standard income make them a powerful option when mainstream lenders won’t engage.

If your deposit is modest, your credit file isn’t perfect, or you have non-standard income — don’t assume that means “no mortgage.” Precise may well offer a realistic path to homeownership.

This article provides general information only. For personalised guidance, regulated mortgage advice is required.