Precise announces rate cuts and expands residential range

The lender has announced fresh rate reductions and new products across their residential mortgage range, furthering their support for brokers to help customers navigate affordability challenges.

Related topics:  Finance,  Mortgages,  Rates
Property | Reporter
11th January 2024
FTB 77
"These rate reductions demonstrate our ability and appetite to support brokers and their customers as we step into a new year"
- Adrian Moloney - OSB Group

Following the most recent changes, Precise Mortgages' newly refreshed residential range now includes 80% LTV rate products as well as limited edition 65% LTV products, with rates starting from 5.44%.

Adrian Moloney, Group Intermediary Director, OSB Group, said: “As we start 2024, we are delighted to be lowering rates and widening our product offering for residential mortgages.

"Although there hasn’t been a more challenging time for house purchasing, the recent increase in housing activity, coupled with mortgage rates easing, has led housing experts to agree that it could be a buyer’s market. These rate reductions demonstrate our ability and appetite to support brokers and their customers as we step into a new year.

"In addition to these updates, Precise Mortgages also offers products with a range of options such as £0 product fee, refund on valuation (worth a maximum of £630) and £300 cashback.”

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