Precise lowers residential rates and expands £0 fee options

Precise, part of OSB Group, has lowered rates and added more £0 fee options across its residential range. 

The lender is now offering a 5-year fixed rate from 4.74%, a 2-year fixed from 4.89% and a 3-year fixed from 4.99%. 

Customers can also get a refund of valuation fees and £300 cashback. 

Precise has also brought in a 5-year fixed rate at 5.04% on its tier 2 products, aimed at supporting brokers working with clients who have adverse credit including county court judgments (CCJs), defaults or mortgage arrears.

Adrian Moloney, intermediary sales director at OSB Group, said: “Our teams are constantly reviewing market conditions and have quickly made positive changes to help our broker partners support their residential customers.

“Affordability continues to be a barrier for many home movers but especially first time buyers, so I am delighted that with these changes we’re able to help more customers move home and fix at an affordable rate.”

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