Precise Mortgages has announced lower rates across its five-year fixed rate terms within its limited edition range and a wider choice to help brokers support customers with affordability challenges.

It has reduced rates on five-year fixed terms, now starting from 5.24%. The lender has also lowered the minimum loan size to £40,000 across all limited edition products.

Meanwhile, Precise has introduced a new five-year fixed rate product including a 7% fee option.

Adrian Moloney, group intermediary director at OSB Group, said: “We’re delighted to be able to lower rates across our five-year fixed rate mortgages within our limited edition buy-to-let range.

“With market challenges set to continue and strong rental demand remaining, landlord affordability is paramount, that’s why we’re able to assess five-year affordability at pay rate across loans for single dwelling, HMO and multi-unit properties.”