Precise Mortgages has today launched a new residential mortgage product range.

Fixed rates have been cut by up to 0.91 percentage points and now start from 3.24%. Meanwhile, product fees have been reduced and now start from £995, previously £1495.

Reversion rates have been reduced on many products and now start from 4.99% (previously 5.52%).

Precise Mortgages has also reduced the pricing in its packager range and added lifetime trackers. Pricing has also been cut in the network and club exclusive range.

Alan Cleary, managing director of Precise Mortgages, said: “This is the most competitive residential product range we have launched and I am pleased to say that this is just the first of a number of product developments from us.

“We have also launched an eye catching new advertising campaign featuring a new message every week during the run up to Christmas. We hope it will make intermediaries smile.”