Specialist residential lender Precise has cut rates across its residential range and introduced mortgage terms of up to 40 years, aimed at helping borrowers manage affordability constraints.
The longer loan terms are designed to reduce monthly repayments, support higher borrowing levels and provide greater flexibility for household budgeting, particularly for customers whose circumstances fall outside mainstream lending criteria.
Alongside the extended terms, Precise has lowered pricing across its residential products, with rates now starting from 4.48%, including options for borrowers with deep adverse credit histories.
The lender is offering lending up to 97% loan-to-value where fees are added, or up to 95% without fees, with income multiples of up to six times for eligible applicants and maximum loan sizes of up to £5 million.
The latest changes build on a series of criteria enhancements introduced during 2025, which were designed to support brokers dealing with customers facing tighter affordability.
These included allowing debt consolidation up to 90% loan-to-value, improving income multiples and extending new build lending up to 90% loan-to-value.
Precise said the combined changes provide brokers with greater scope to place cases for borrowers with complex financial backgrounds, including those with county court judgments, defaults, mortgage and secured loan arrears and debt management plans.
External analysis carried out by LendingScore in August 2025 found that Precise ranked first for case eligibility at 95% loan-to-value when compared with other specialist adverse lenders, which the lender said gives brokers added confidence when placing higher loan-to-value cases.
Adrian Moloney, group lending distribution director at OSB Group, said: “Specialist lending is about providing support and flexibility as no-one has a standard set of circumstances.
“With our new 40-year term now live, we’ve strengthened our proposition to enable brokers to help more customers sensibly increase their borrowing capacity so that they are able to successfully get on the housing ladder.”
