Precise enhances residential range with lower rates and new fee options
The lender has expanded its £0 fee option and introduced a new £1,495 fee.
"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."
- Adrian Moloney, intermediary director at OSB Group
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.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Santander
Santander launches 98% LTV ‘My First Mortgage’
First-time Buyer
Improved affordability sparks 20% rise in first-time buyers: Nationwide
Inflation
Further rate cuts dampened as inflation rebounds to 3.4%
Mortgage Rates
Two Big Six lenders increase mortgage rates as swaps rise
Interest Rates
Looser Fed policy stance could slow further rate cuts, policymakers warn
Bank Of England
Bank of England holds interest rates at 3.75% in narrow 5-4 vote