It also reduces rates of existing products
Precise Mortgages, a specialist lender within the OSB Group, has launched new products across its residential mortgage range to help brokers support customers with greater choice and flexibility.
The refreshed residential range now includes 80% loan-to-value options, as well as limited edition 65% LTV products, with rates starting from 5.44%.
To assist borrowers facing affordability challenges, the lender has also reduced rates of existing products in the range.
Aside from these updates, Precise Mortgages offers products with a range of options such as a £0 product fee, refund on valuation worth a maximum of £630, and £300 cashback.
“As we start 2024, we are delighted to be lowering rates and widening our product offering for residential mortgages,” Adrian Moloney (pictured), group intermediary director, OSB Group, said.
“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.”
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