"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"
- Adrian Moloney - OSB Group
Specialist lender Precise, part of OSB Group, has expanded its residential mortgage range with rate reductions, new LTV bands, and a wider selection of fee options.
The move follows the lender’s recent increase to residential income multiples, now up to six times for eligible customers, including those with adverse credit. The change applies across employed and self-employed borrowers, single and joint applicants, first-time and subsequent buyers, as well as those looking to remortgage.
Highlights of the updated residential range include five-year fixed rates from 4.72%, two-year fixed rates from 4.73%, and new 55%, 65%, and 80% LTV bands. Fee options now include 1%, £1,495, and £0, with the £0 fee option offering a refunded valuation and £300 cashback.
“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," comments Adrian Moloney, intermediary sales director at OSB Group (pictured). “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%.”
