Precise has launched a new range of 60% LTV ‘limited edition’ products, alongside targeted rate reductions across key areas of its residential mortgage proposition.
The new ‘limited edition’ products feature £300 cashback, a £1,495 fee and help form part of a wider refresh across Precise’s residential offering which includes selected rate reductions.
These enhancements are designed to provide brokers with more options for customers seeking to improve affordability through lower monthly payments and reduced borrowing costs. Rates now start from 4.99% on a 2-year fixed rate at 60% LTV with a £1495 fee (Tier 1).
Highlights of the latest changes include:
- New 60% LTV ‘limited edition’ products with £300 cashback and a £1,495 fee
- Selected 55% LTV fixed rates reduced by 0.08%
- Selected 90% LTV fixed rates reduced by 0.09%
- Selected 95% LTV fixed rates reduced by 0.05%
- Selected Tier 3 and Tier 4 fixed rates reduced
Emily Hollands, Group Head of Intermediary Sales and Distribution, Precise, said: “With 1.8 million fixed rate mortgages due to mature in 2026, according to UK Finance, it’s important that brokers have access to competitive solutions that help customers reduce borrowing costs and manage the expenses associated with refinancing.
“As a leading specialist intermediary lender, we remain committed to evolving our proposition in line with broker and customer needs. These latest enhancements reinforce our support for the intermediary market and ensure brokers continue to have access to competitive solutions for a wide range of residential borrowers."
