Your Precise Mortgages mortgage rate is coming to an end and that means you have a choice to make. You can accept whatever deal Precise puts in front of you, or you can use an FCA-regulated broker to compare your options, secure the most competitive rate available, and earn cashback in the process. At Rate Switch Rewards, we handle the entire Precise Mortgages product transfer on your behalf at no cost to you.
What Is a Precise Mortgages Product Transfer?
A product transfer is when you move from one mortgage deal to another with your existing lender, Precise Mortgages, without changing the loan amount or the lender itself. There is no need to reapply for a mortgage, and in most cases the process takes less than 15 minutes. It is one of the most effective ways for existing Precise customers to reduce their monthly payments when their current fixed or tracker rate expires.
Key Things to Know About Precise Mortgages Product Transfers
- You can arrange your Precise Mortgages rate switch up to three months before your current deal expires. Precise mortgages allows customers to arrange a product transfer up to three months before their existing rate expires.
- There are no legal fees, no valuation fees, and no arrangement costs you have to pay upfront, though some rate products carry optional product fees which can be added to the mortgage balance
- Precise offers a range of fixed-rate and tracker products for existing customers, covering specialist buy-to-let and residential mortgages
- Precise Mortgages does not typically require a new credit check for a standard product transfer, making the switch accessible even for customers who have experienced credit changes.
- Precise Mortgages is a specialist lender under the Charter Court Financial Services group, focused on buy-to-let and residential mortgages for customers with complex financial circumstances. They are particularly strong in the limited company buy-to-let market.
Calculate Your Rate Switch Cashback Reward
Use our cashback calculator below to see exactly how much you could earn by switching your Precise Mortgages rate through Rate Switch Rewards. The reward is paid directly to your bank account once your new mortgage completes.
How Long Does a Precise Mortgages Product Transfer Take?
In most cases, a straightforward Precise Mortgages product transfer can be completed the same day. Once we access your account details, we identify the available product options, email them to you for review, and submit the application once you have chosen your preferred rate. A mortgage offer is typically issued immediately.
If your transfer involves additional borrowing, a change to your mortgage term, or a switch to interest-only repayment, extra checks may be needed. We will let you know at the outset whether any of those factors apply to your case.
Can I Borrow Extra Money with a Precise Mortgages Product Transfer?
Yes — Precise Mortgages does allow further advances for existing customers, subject to their current lending criteria and LTV limits. As a broker we can submit this application on your behalf.
Why Switch Through Rate Switch Rewards Rather Than Direct?
Many borrowers go directly to their lender when their rate expires. The problem is that Precise has no obligation to offer you the most competitive deal available. As a whole-of-market broker, we compare Precise’s product transfer rates against every available option. If staying with Precise is your best move, we will confirm that with the numbers to back it up.
There is another risk in going direct. If you accept a rate today and rates fall before your new deal starts, you could end up paying more than necessary. We monitor rates on your behalf and will cancel and replace your accepted rate with a lower one if one becomes available before completion. That is something you simply cannot get by dealing with Precise directly.
Benefits of Completing Your Precise Mortgages Product Transfer Through Us
- Whole-of-market comparison — we check Precise’s rates against all available deals on the market
- Cashback paid directly to your bank account once the mortgage completes
- Rate monitoring — if rates drop after you accept a deal, we switch you to the lower one automatically
- No credit check required for a standard product transfer
- FCA-regulated advice — we are an Appointed Representative of Rosemount Financial Solutions IFA Ltd, FCA ref 535515
- Free service — we are paid by the lender, not by you
The Precise Mortgages Product Transfer Process Step by Step
- Share your details with us: Your Precise Mortgages account number is found on your annual statement or any letter from Precise. We use this to access your current mortgage account and review the available product options.
- Receive your quotes: We will email you a clear comparison of the rates Precise is offering, alongside any better deals available on the wider market, so you can make a genuinely informed decision.
- Choose your rate: Once you have decided which product suits you best, simply let us know and we will submit the application on your behalf.
- We monitor your rate: After acceptance, we watch the market. If a lower rate becomes available before your new deal starts, we cancel the existing acceptance and secure the better rate for you.
- Cashback paid to you: Once your new Precise Mortgages mortgage completes and we receive our adviser fee from the lender, we pay your cashback directly into your bank account.
How Can Rate Switch Rewards Help with Your Precise Mortgages Product Transfer?
We are a team of FCA-regulated mortgage advisers specialising in product transfers and rate switches. We work with over 30 lenders including Precise Mortgages, and we use specialist software to compare products on a like-for-like basis, taking into account not just the headline rate but also arrangement fees, early repayment charges, and term length.
If you are unsure whether a product transfer is the right move, or whether remortgaging to a new lender would save you more, we will give you an honest answer. Our job is to find you the best deal.
Ready to find out how much your Precise Mortgages product transfer could earn you? Use the calculator above or complete our short form and we will be in touch.
Your home may be repossessed if you do not keep up repayments on your mortgage. The Financial Conduct Authority does not regulate some forms of buy-to-let mortgages.
Related Guides
- Everything You Need to Know About Rate Switches
- Kensington Product Transfers
- Kent Reliance Product Transfers
- Aldermore Product Transfers
- Can I Do a Rate Switch on an Interest-Only Mortgage?
Why Precise Mortgages Product Transfers Suit Complex Cases
Precise Mortgages is a specialist lender rather than a high-street bank, and that difference shapes how a product transfer works. If your circumstances did not fit a mainstream lender when you first borrowed, understanding what changes at switch time is worth a few minutes.
A product transfer does not re-open the original underwriting
The reason many Precise borrowers stay with Precise is straightforward: the lender already accepted the case. Adverse credit history, complex income, a portfolio structure or an unusual property type all had to be worked through at the original application. A like-for-like product transfer does not re-run that assessment, because the loan, the borrower and the security are unchanged. Moving to a new lender instead means being underwritten from scratch against criteria that may have tightened since.
Buy-to-let cases have an extra consideration
If your Precise mortgage is a buy-to-let, a remortgage elsewhere would normally require a fresh rental stress test against current rates. A product transfer with your existing lender generally avoids that test, which matters if rental income has not kept pace with rate movements. This is one of the clearest practical arguments for looking at the transfer option properly rather than assuming a move is automatically better. Note that the Financial Conduct Authority does not regulate some forms of buy-to-let mortgage.
Credit file improvement may open more doors than you expect
The flip side applies too. If you took a Precise product because of adverse credit that has since dropped off your file, or because of a short trading history that is now established, your options may be wider than they were. That is exactly the case where a whole-of-market comparison earns its keep — the transfer might still win on speed and certainty, or the wider market might now be open to you on better terms. You cannot know without checking both.
Early repayment charges set the timing
Most specialist products carry an early repayment charge during the fixed period. Switching before that period ends can mean paying it, which will often outweigh any saving. Work out the date your charge falls away, then start comparing a couple of months ahead of it so you are ready to move rather than drifting onto a reversion rate.
What to do next
Find your product end date and check whether an early repayment charge still applies. Then have your case looked at both ways — the Precise transfer offer alongside the wider market — so the decision is based on two real comparisons rather than one. Our brokers are whole-of-market and FCA-regulated, and there is no obligation to proceed.
