Precise has made a range of improvements to its residential proposition with cheaper pricing solutions which have been specifically developed to support first-time buyers, self-employed, remortgage and debt consolidation customers.

Key product highlights include rates from 4.89% (0.70% reduction); maximum LTV increased to 95% and fees can be added to the loan; maximum loan increased from £2m to £5m; stress rate on 2-year and 3-year products reduced to 1.25% and debt consolidation available up to 90% LTV.

TIME TO BUY

Adrian Moloney, intermediary sales director, OSB Group, said “The stamp duty deadline may be upon us but it’s still a great time to buy.

“According to the latest Rightmove research, new buyers are now seeing the highest range of property choice at this time of year since 2015 and mortgage rates are down considerably from the peak of 6.11% in July 20231.

“I’m delighted to unveil these new residential products from Precise with lower rates, increased LTVs and max loan sizes as well as reduced stress rates.

“These changes aim to help make residential mortgaging more affordable across a wide range of buyers including self-employed and those with a less than perfect credit history.”

AFFORDABILITY CHALLENGES

Stephen Martin, Mortgage Services Consultant, Connells, added: “With more first time buyers looking to get their foot on the property ladder, it’s great to see Precise’s expanded residential offering. It means our customers have access to an improved range of financial options and flexibility which is absolutely vital in this area of the market.

“These products also go a long way in supporting customers with affordability challenges, especially those with less than perfect credit. It’s only with the support of a specialist lender like Precise, that we can offer our customers more accessible and affordable options.”