Precise Resi 2.0 Platform Achieves Day One Mortgage Offer for Self-Employed Client

Precise has demonstrated the speed of its new Resi 2.0 residential platform by delivering a day-one mortgage offer for a self-employed borrower. For fintech professionals, this highlights the tangible impact of integrating automated valuation models and streamlined underwriting workflows to reduce the friction traditionally associated with complex, non-standard lending scenarios.

What was announced

The announcement focuses on a specific case study involving a self-employed customer who required a remortgage on an unencumbered residential property. The borrower, who had recently transitioned from a sole trader to a limited company status, needed to consolidate debt and raise capital to cover an unexpected tax liability. Using the Resi 2.0 platform, the application was processed with an instant Automated Valuation Model (AVM), which removed the need for a physical property inspection.

During the process, an underwriter identified and resolved a specific query regarding legal costs, allowing the lender to issue a formal offer on the same day the application was submitted. This speed represents a significant improvement over the company’s previous technological infrastructure, which would not have been capable of delivering a day-one offer for such a case. The broker involved, Raul Vila Nova of Fluent Mortgages Horwich, noted that while a competitor lender was considered, Precise was selected due to its ability to accommodate the capital-raising element of the application alongside debt consolidation. The Resi 2.0 platform is designed to provide intermediaries with faster processing times and more efficient underwriting support for residential mortgage applications across various geographies.

"This case shows how our residential platform is helping brokers deliver faster outcomes for their clients. The combination of an instant AVM, quicker processing and expert underwriting support meant we could assess the case quickly and issue an offer on day one, helping the broker progress the application efficiently."

Emily Hollands, Group Head of Intermediary Sales and Distribution, Precise

The companies involved

Precise is a lender operating in the residential mortgage market, recently launching its Resi 2.0 platform to improve broker outcomes and streamline the application journey. The company focuses on providing solutions for customers with specific requirements, such as the self-employed or those needing to raise capital for tax liabilities. By utilizing technology like Automated Valuation Models, the firm seeks to modernize the specialist underwriting process and provide faster decision-making than its previous technological systems allowed.

Fluent Mortgages Horwich is a brokerage firm that works with lenders to secure mortgage offers for its clients. Led by directors such as Raul Vila Nova, the firm operates as an intermediary, navigating different lender platforms to find products that accommodate specific borrowing needs, including debt consolidation and capital raising. The firm’s role is to manage the application process and interface with underwriters to resolve queries, ensuring that clients can progress their financial requirements efficiently in a competitive lending environment where speed and flexibility are increasingly prioritized by borrowers.

What this means

The move toward "day-one" offers in the specialist mortgage sector signals a significant shift in competitive dynamics. Historically, specialist lending was often associated with manual, time-consuming processes due to the complexity of the cases involved. By successfully deploying AVMs and integrated underwriting platforms like Resi 2.0, lenders are closing the speed gap with more traditional high-street options. This puts pressure on other specialist lenders to upgrade their legacy systems or risk losing broker favor. The broader industry question is whether this speed can be maintained across more volatile property types where AVM reliability remains a subject of ongoing debate.