Alan Cleary, managing director of Precise Mortgages, said: “We have entered a new phase of the cycle which means money markets are likely to be volatile and this affects our cost of funds.
“We expect continued volatility and therefore have made a moderate increase to our rates to compensate.”
In addition Precise has extended the availability of its fees assisted products to its tracker range.
Previously the fee assisted products had only been available on fixed term products.
