The 2-year and 3-year fixed rate products start from 6.19% and are available for loans up to 80% LTV. The initial fixed rate payable will be determined by the level of any adverse credit history the clients may have, but Precise Mortgages ignore any County Court Judgements or defaults older than two years.
Robert McCoy, senior product and communications manager at PMS, said: “These offerings are an excellent addition for our members to offer their clients. Following recent changes to the core range products and required criteria, as well as improvements to Precise Mortgages’ automated decision, more borrowers - both purchasers and re-mortgagers - will be able to qualify for these products.”
Alan Cleary, managing director of Precise Mortgages, added: “Since launching the core range a few weeks ago, we have seen a dramatic increase in demand for this type of product. These exclusive offerings are more competitive on price than our core range and also have the added benefit of an extended end date.”
