Precise cuts residential rates and launches limited edition cashback range

Precise has launched a new range of limited edition 60% LTV products, alongside 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. 

Precise has also reduced selected 55%, 90%, and 95% LTV fixed rates by up to 0.09%, alongside reductions across its tier 3 and 4 fixed rate range.

Rates now start from 4.99% on a tier 1 two-year fixed rate at 60% LTV with a £1,495 fee.

Emily Hollands, group head of intermediary sales and distribution at 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."