Precise Mortgages has also launched two exclusive near-prime products for Sesame members.
The products are 2-year capped LIBOR tracker products, starting from 5.09% for loans up to 75% loan to value and 5.34% for loans up to 80% LTV, and are available to both purchase and remortgage clients. Both products include £300 cashback and a refund of standard valuation and assessment fees.
Rob McCoy, senior product and communications manager, said: “We believe that this lender and the two exclusive products will be a welcome addition for our network members. The two new products have the added benefit that the early repayment charge only applies until the end of 2011, giving clients greater flexibility when considering other products in the future.“
Alan Cleary, managing director of Precise Mortgages, added: "We are very pleased to be added to Sesame's lending panel and to know that our products will be available to more customers who are finding it difficult to get a mortgage from high street lenders."
