Precise has made a number of changes across its buy-to-let product range, including reduced rates starting from 4.49% and new fee products.

Changes include:

• Reintroduction of Tier 1 products at 70% & 75% LTV with reduced paperwork for eligible borrowers and options for HMOs, MUFBs and Ltd companies
• Expansion of Tier 2 & 3 products up to 80% LTV with 2 and 5 year fixed options, expanding the allowable adverse at higher LTVs
• 7% & 5% fee option for 5 year fixed + 5% fee option for 2 year fixed added, improving borrowing capacity for borrowers

Adrian Moloney (pictured), group intermediary director, OSB Group, said: “These fee-based options support brokers and their clients who are looking for the reassurance of a fixed monthly payment and increased borrowing capacity.

“As well as reducing rates, we’ve widened our acceptable criteria on buy-to-let properties with all three tier products which strengthens Precise’s offering within the buy-to-let market.”