Precise Mortgages has improved the criteria on its near prime range to include an 85% LTV product.

The product will initially be distributed through AToM and First Complete exclusively but it expects to widen out to other distributors if the product proves popular.

Alan Cleary , managing director of Precise Mortgages, said: “I expect this to be a popular product as we all know how difficult it is for borrowers at the moment.