Precise has launched a new range of 60% LTV ‘limited edition’ products and reduced rates on selected residential mortgages.

The new ‘limited edition’ products feature £300 cashback and a £1,495 fee.

Precise said the updates are designed to provide brokers with more options for customers looking to improve affordability through lower monthly payments and reduced borrowing costs.

Rates now start from 4.99% on a two-year fixed-rate mortgage at 60% LTV with a £1,495 fee (Tier 1).

The latest changes include the introduction of new 60% LTV ‘limited edition’ products with £300 cashback and a £1,495 fee.

Alongside this, Precise has reduced selected 55% LTV fixed rates by 0.08%, selected 90% LTV fixed rates by 0.09%, selected 95% LTV fixed rates by 0.05%, and selected Tier 3 and Tier 4 fixed-rate products.

Emily Hollands, group head of intermediary sales and distribution at Precise, said: “With 1.8 million fixed rate mortgages due to mature in 2026, according to UK Finance, it’s important that brokers have access to competitive solutions that help customers reduce borrowing costs and manage the expenses associated with refinancing.

“As a leading specialist intermediary lender, we remain committed to evolving our proposition in line with broker and customer needs.

“These latest enhancements reinforce our support for the intermediary market and ensure brokers continue to have access to competitive solutions for a wide range of residential borrowers.”