It also reintroduces 85% LTV products
Precise Mortgages has launched a new residential range that features lower rates and measures designed to help brokers accommodate clients with wider adverse requirements, including Right to Buy products.
The new residential range includes five-year fixed rates starting from 5.49%, and two- and three-year fixed rates starting from 5.79%.
The specialist lender, which is part of the OSB Group, also reintroduced 85% LTV products and made options for clients on debt management plans (DMPs) available.
“We wanted to hit the ground running and provide solutions for our brokers, who, together with their clients, are facing some really tough financial challenges,” Adrian Moloney (pictured), intermediary director at the OSB Group, said.
“This new range provides options for clients with less-than-perfect credit profiles, including those with CCJs, defaults, and active DMPs. To keep things simple, brokers can take advantage of Precise Mortgage’s online automated cascade system, where cases are filtered until an appropriate product is found, without the need to reapply.”
Moloney added that the lender also offers live chat and have a dedicated telephone support team that is available to help brokers do more business.
The complete product and criteria information on the new range can be found on Precise Mortgages’ product guide.
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