Precise, part of OSB Group, has bolstered its residential range and introduced a number of rate reductions, added loan-to-value (LTV) bands and expanded fee options.
Key highlights from the changes include 5-year fixed products available from 4.72% and 2-year fixed products available from 4.73%.
The lender has also added 55%, 65% and 80% LTV bands, and introduced 1%, £1,495 and £0 fee options.
Its £0 fee option also comes with refund of valuation and £300 cashback.
This follows a recent announcement from the lender of an increase to residential income multiples by up to 6x for eligible customers (including those with adverse) across all borrower types including employed, self-employed, single and joint applicants, first-time and subsequent buyers and those looking to remortgage.
Adrian Moloney (pictured), intermediary sales director at OSB Group, said: “We are delighted to further enhance our product offering to brokers with residential customers, helping more to get their foot on the property ladder, as well as supporting those upsizing and downsizing.
“Precise remains committed to offering a range of options to serve buyers with potential affordability challenges such as deposit constraints, affordability and imperfect credit histories.
“Within this bolstered range, we’ve included a number of rate reductions, including our Tier 2 adverse option which has been reduced by up to 0.46%.”
