Precise Mortgages has launched a new range of near prime mortgage products.

The range is aimed at borrowers who may be struggling to get a mortgage from high street lenders.

Fixed rates have been reduced by 0.6 percentage points and now start from 5.24%.

There is also a new free valuation product to help reduce up-front costs, while cash-backs and ERC-free products are also available.

Precise added that there had been a “general reduction”” in all product pricing.”