Highlight products include an 85% loan to value option on minor adverse cases with rates starting from 6.69% fixed; an 80% LTV buy-to-let product with rates from 5.64% (tracker) with fixed arrangement fees; and a 70% LTV buy-to-let product for minor adverse from 5.44% (tracker).
Rob Jupp, CEO of Brightstar, said the new product range demonstrates Precise’s commitment to helping more clients caught out by minor credit blips.
He said: “This new range is another significant step along the road to helping people get access to the type of borrowing they need.”
Andy Young, CEO of The Business Mortgage Company, added: “It is good to see a lender innovating and listening to mortgage intermediaries. It is refreshing to see some positive news about the mortgage market at last."
Alan Cleary, managing director of Precise Mortgages, said he hoped the new range would mean intermediaries no longer have to turn away good customers because they may have a blip on their credit profile.
And Roger Morris, director of sales at Precise, added: “By listening to distributors like Brightstar Financial, we aim to provide the kind of products which make a difference.
“With this new range, we are addressing the needs of a greater number of clients who might otherwise have been excluded from new borrowing.”
