Precise boosts residential affordability with 40-year terms and rate cuts

Specialist residential lender, Precise has boosted its residential product range by lowering rates across the board and introducing 40-year term loans. 

The extended loan term could enable borrowers to access lower monthly payments and increase their borrowing capacity.

Borrowers can access loans up to 97% LTV with fees added or 95% LTV without fees added. Precise offers income multiples up to 6x for eligible customers, with maximum loan sizes up to £5m.

Following the latest changes, rates now start from 4.48%.

The enhancements mean brokers have more options for customers with complex financial backgrounds and deep adverse credit history including CCJs, defaults, mortgage and secured loan arrears and debt management plans.

The lender introduced a range of residential criteria changes throughout 2025 to support brokers with customers facing tight affordability, including debt consolidation up to 90% LTV, improved income multiples and new build lending up to 90% LTV. 

Adrian Moloney, lending distribution director at OSB Group, said: “Specialist lending is about providing support and flexibility as no-one has a standard set of circumstances. With our new 40-year term now live, we’ve strengthened our proposition to enable brokers to help more customers sensibly increase their borrowing capacity so that they are able to successfully get on the housing ladder."