Precise refreshes residential range with lower rates and fee-free options

Specialist lender Precise has refreshed its residential mortgage range with lower rates and more £0 fee options. 

Five-year fixed rates now start from 4.74%, with two-year fixes from 4.89% and three-year fixes at 4.99%.

Customers can also benefit from a refund of valuation fees as well as £300 cashback.

Precise has also introduced a five-year fixed rate at 5.04% on Tier 2 products to help support brokers with customers who may have adverse challenges. As part of the product refresh, the five-year fixed product can be accessed on behalf of customers with CCJs, defaults or mortgage arrears. 

Adrian Moloney (pictured), intermediary sales director at OSB Group, said: “Our teams are constantly reviewing market conditions and have quickly made positive changes to help our broker partners support their residential customers.

“Affordability continues to be a barrier for many home movers but especially first-time buyers, so I am delighted that with these changes we’re able to help more customers move home and fix at an affordable rate.”