Rates in the new product range are at least 60bps lower
Precise, a subsidiary of specialist lender OSB Group, has introduced a new limited edition residential mortgage range, reducing rates by at least 60 basis points (bps).
As a result of the rate cut, rates now start at 5.39% with a 1% fee, covering Tiers 0 to 5.
The new range offers 75% loan-to-value (LTV) on two- and five-year fixed rate options and will be available for a limited time.
New limited edition residential range, with all rates reduced by at least 0.60%.
— PRECISE. (@Precise_Mtgs) July 2, 2024
The range could be withdrawn at anytime. 🦄⏱https://t.co/Sy8WYg40wf
Intermediaries only. pic.twitter.com/znLXT7k7JM
“This limited edition range is great news for brokers and borrowers alike as not only does it offer our lowest rates as well as low fees, it also includes options for those with impaired credit which ticks the box for many,” said Adrian Moloney (pictured), group intermediary director at OSB Group.
“By offering these low rates, Precise is clearly leading the way in terms of product choice for borrowers who may have had challenges from the high street, and we’re expecting it to be popular so would advise brokers to get their applications in quickly.”
Earlier this year, Precise launched new products across its residential mortgage range to help brokers support customers with greater choice and flexibility.
Read our guide to Precise for intermediaries here.
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