Precise Mortgages has launched a series of exclusive products to its key distributors.

The range covering both near prime homeowner and near prime buy-to-let loans and includes new two, three and five year fixes with lower pay rates and extended end dates.

Also, the maximum buy-to-let loan size has increased from £300,000 to £500,000.

The exclusive products are available to PMS, Sesame, Legal & General, Openwork, PTFS, Pink Home Loans, First Complete, AToM, 3mc, Brightstar Financial and TBMC.

“Our recent launch of the new near prime homeowner and buy-to-let products has instantly had a positive effect on volumes and we have already accepted £46 million of new business on the new products,” said Alan Cleary, Managing Director of Precise Mortgages.

“The exclusives are designed to further promote our products whilst rewarding our leading distributors for their continued support. As we have said, we have money to lend and are proactively finding ways to make it happen.”