Precise Mortgages, part of the OSB Group, has launched a new range of residential products combining lower rates with a wider choice to help brokers support clients who have adverse challenges.

Its reduced rates now start from 5.39%, while selected products now feature refund of valuation (maximum of £630), £300 cashback and no product fees.

New rates are available for both purchase and remortgage.

Adrian Moloney (pictured), group intermediary director, OSB Group, said: “We’re well aware that our brokers have clients who are facing some really tough financial challenges, so it was important for us to introduce a residential range that provides options for less-than-perfect credit profiles including those who may have been rejected by a high street lender.

“At Precise Mortgages we believe that a credit blip shouldn’t necessarily stop residential customers being able to access a mortgage so we accept a wide range of adverse including those with CCJs and defaults, as well as active and satisfied DMPs.”