Precise launches new residential products and cuts rates

Precise Mortgages has enhanced its residential and buy-to-let mortgage offering to give customers access to lower rates and more choice.

In its residential range, Precise has launched new products at 70% LTV and new products for customers with adverse credit, including those on debt management plans (DMP).

In addition, existing rates have reduced by up to 30bps and now start from 5.99%.

In its buy-to-let range, Precise has reduced the minimum loan size to £40,000.

Adrian Moloney, intermediary director at OSB Group, said: “We’re dedicated to helping even more people to purchase their own home. Introducing these new products with reduced rates for customers with adverse credit, including those with active DMPs, demonstrates our commitment to supporting customers and realising their home owning aspirations.

“We’re also supporting buy-to-let investment by giving landlords a wider choice of products and reducing the minimum loan size for our products.”