Precise, part of OSB Group, has launched limited edition mortgage products, which include rate reductions on both its residential and buy-to-let (BTL) ranges.
Highlights of the residential changes include: rates from 5.79% with no product fee; reductions in revert rates by up to 200 basis points; support for less-than-perfect credit profiles up to 85% loan-to-value (LTV).
Changes to the BTL product range include the introduction of a sub-4% rate.
BTL highlights include: Tiers 1-3 with rates from 3.99% with a 5% fee; house in multiple occupation(HMO) Tier 1 rates from 4.14% with a 5% fee; no restriction on loan size; 2-year and 5-year fixed, 75% LTV products.
Adrian Moloney, group intermediary director at OSB Group, said: “We’re committed to helping our broker partners support their clients through market changes.
“The end of Stamp Duty relief for first-time buyers planned for next year could create a complex environment for those starting on the property ladder.
“By introducing lower rates and products with no fees, we’re confident we’ll help more residential customers with their borrowing needs.Â
“And with the buy to let market also continuing to face challenges, we’re introducing a sub 4% rate as well as reduced rates across many tiers to enable brokers to support their landlord customers.”
