Precise, part of OSB Group, has made reductions of up to 0.16% on 2- and 3-year fixed rate residential products to support brokers with first-time buyers, those looking to move home and remortgage customers.
Precise’s residential range is available across 2- and 3-year fixes and provides borrowers with greater flexibility through different fee options, including £0 fee, £1,495 fee, and 1% of the loan amount.
Highlights from the residential range include 2-year fixed rates from 4.84%, 3-year fixed rates from 4.97%, 5-year fixed rates from 4.77%.
One of Precise’s more popular product, 2-year fixed Tier 2, has been reduced across all loan-to-values (LTVs) including 75%, 85% and 95%.
Borrowers with adverse credit such as CCJs, defaults or mortgage arrears could also benefit.
Adrian Moloney (pictured), intermediary sales director at OSB Group, said “These residential rate reductions show our ongoing commitment to improving mortgage affordability, especially for borrowers looking to get their first step on the property ladder.
“We are continuing to offer 1.25x stress rates on these 2- and 3-year fixed rate options as well as a refund of valuation fees and £300 cashback to help improve affordability.”
