Precise, part of OSB Group, has expanded its residential offering with one-year fixed rate and lifetime tracker mortgages.

The introduction of the one-year fixed rate mortgage is for brokers and their customers who are looking for the reassurance of a fixed monthly payment but don’t want a longer-term fixed rate.

The new lifetime tracker products include a fee option which has no ERC or a fee free option which includes ERC for otw years.

Both one-year fixed and lifetime trackers available up to 85% LTV and across different levels of adverse.

Adrian Moloney (pictured), group intermediary director at OSB Group, said: “This launch reacts to current market conditions providing our brokers with residential customers more options for their mortgages.

“Whether customers are looking for the comfort of a short-term fixed payment or for those wanting more freedom than what a fixed rate offers, these new products are designed to support the customers’ changing needs in an ever-changing market.”