Precise Mortgages has introduced a new second charge loans product range.

New range highlights include:

· Reduced lender fees in its core range
· New pricing for two, three and five-year fixed rate products
· Repricing across the majority of its lifetime tracker and fixed rate products
· Loans are now available from £5,000 to £500,000 on its standard products
· Loans are also available up to £2,000,000 by referral

The range has been streamlined to make it easier to select the most suitable product for the customer. The lender said the change yet again affirms its intention to be number one in the second charge loan sector.

Simon Carr, Precise Mortgages’ sales development director, said: “Our arrival 18 months ago was welcomed by many. We have continued to challenge the market and innovate our products and service. Many firms have recognised the significance of our arrival and our drive to be first choice for brokers.

“We aim to drive good customer outcomes through aggressive pricing, product design and backed up by robust systems and a first class underwriting team.”