Precise Mortgages will launch into income-supported buy-to-let next week.

The expansion lets customers with excess income bridge the gap between the rent they need and the rent they would earn.

A Precise statement says the new product will be designed to let brokers help customers who would otherwise struggle with prime lenders’ lending policies.

The lender adds that the expansion also “opens up the buy-to-let market to more customers who want to invest in property”.

The product is available for purchase and remortgages, including capital raising.

The lender will publish full details of the product on 5 December.