Precise Mortgages, part of OSB Group, spans adverse residential, specialist buy-to-let and bridging under one roof, with graded product tiers by event type and recency. For a contractor whose needs cross those territories — a residential purchase with a credit history, or a contractor-landlord with a blemish — Precise’s productised range is a strong fit. This guide covers how it assesses income and where it fits.
Approach is stable; the right tier and figures are confirmed at application.
Precise’s strength is its productised, tiered approach: adverse is graded by event type, severity and recency, with defined tiers rather than case-by-case negotiation, and the same grading logic runs across residential, buy-to-let and bridging. For a contractor with a credit history, that means a clear route to the right tier and product, and — usefully — the ability to keep residential and BTL needs within one lender’s framework. Contractor income is assessed alongside the grading rather than collapsed by it. The tier depends on your file, confirmed at application.
Precise reads contractor income with the day rate annualised in the standard way where it applies:
Day rate x 5 days x 46 weeks = assessed annual income
A £500 day rate assesses at £115,000; at a standard 4.5x that is around £517,000 of indicative borrowing — illustrative, and dependent on your circumstances, credit profile and Precise’s live criteria.
A typical application is a well-assembled file with a clear picture of the credit history. Pricing is tiered by the credit events, and it is transitional — we plan the mainstream exit as events age. It sits alongside its OSB Group sibling Kent Reliance, which carries the deeper manual property complexity; we compare across both. Precise’s sweet spot is the contractor with graded adverse who wants a clear tiered route, across residential or BTL.
Illustrative only, using the standard 5 x 46 method and a typical 4.5x multiple; the tier depends on your credit profile.
Present the credit history clearly so Precise can place the case at the correct tier first time — its productised, tiered approach is efficient when the file matches the tier, and slower when it has to be re-worked. Lead with the contract for the income.
Where you have both a residential and a BTL need, Precise can often keep them within one framework — flag both up front. Plan the mainstream exit as events age.
Present the credit history clearly so Precise can place the case at the correct tier first time — its productised, tiered approach is efficient when the file matches the tier, and slower when it has to be re-worked. Lead with the contract for the income.
Where you have both a residential and a BTL need, Precise can often keep them within one framework — flag both up front. Plan the mainstream exit as events age.
Precise suits the contractor with graded adverse credit who wants a clear, tiered route — and particularly the contractor-landlord, since the same grading spans residential, BTL and bridging under one group. It is a productised specialist rather than a case-by-case negotiator.
It suits you less well if your credit is clean, or if your case needs deep manual negotiation, where its sibling Kent Reliance or a manual specialist fits better.
Graded tiers track event type, severity and recency, with contractor income assessed alongside. The right tier depends on your file, confirmed at application.
Yes — it spans adverse residential, specialist BTL and bridging under one group roof, with the same grading logic across them. Specifics are confirmed at application.
On the day rate or contract basis, annualised as rate x 5 x 46 where it applies, read alongside the credit grading rather than collapsed by it.
Yes to both, with appropriate income evidence for each structure.
Both are OSB Group brands — Precise carries the more productised tiered ranges, Kent Reliance the deeper manual property complexity. We compare across both for the best fit.
It is transitional — as events age and conduct stays clean, a mainstream remortgage becomes available. We plan the exit.
Yes — it spans adverse residential, specialist buy-to-let and bridging under one group roof, applying the same adverse-grading logic across them. That makes it useful for a contractor-landlord with a credit history who has needs on both sides. Specifics are confirmed at application.
Both are OSB Group brands. Precise carries the more productised, tiered ranges — clear tiers by credit event — while Kent Reliance handles the deeper manual property complexity. We compare across both to match your case to the right one.
Want to know whether Precise Mortgages is the right lender for your contract — or which lender is? As a whole-of-market brokerage we compare Precise Mortgages against the rest of the market and confirm live criteria for your circumstances before you apply.