Precise Mortgages has reduced the price of its homeowner mortgage rates by up to one percentage point and introduced new features.

Rates now start from 2.99% for prime borrowers, while rates start from 3.49% from borrowers with historical adverse or a lower credit score.

For borrowers with more recent adverse or have a near prime profile, rates start from 4.74%.

Fee free remortgage products are now available with prices starting from 3.29%.

Selected products now have the additional features of Porting and ERC free capital repayments

Alan Cleary, managing director of Precise Mortgages, said: “Having Home Owner products that range from prime to near prime means we can cater for many more borrowers.

“This is our best Home Owner range so far and with the innovative up and down cascading brokers can let the system take the strain.”