Precise enhances residential range with lower rates and new fee options

Precise has refreshed its residential product range by cutting rates across 75% and 85% LTVs bands, introducing new fee options and dropping selected reversion rates by up to 2.25%.

Rates now start from 5.64% for a five-year fix, with the lender's £0 fee option expanded and a new £1,495 fee introduced.

Adrian Moloney, intermediary director at OSB Group, said: “With house price and interest rate challenges continuing into 2025 as well as stamp duty changes on the horizon, residential customers are keen to get ahead in securing their property purchases to avoid higher costs as we know this is an additional barrier.

“In response to these challenges, not only have we reduced our residential rates but we’ve included a wider range of fee options to cater for those who can pay a little more upfront and secure a lower rate as well as those who welcome the chance to lower their upfront costs.”