"We have reintroduced our popular limited edition residential range which offers our lowest rates and includes options for those with impaired credit "
Precise has relaunched its limited edition residential range as well as cutting rates across its entire product range by up to 105bps.
The reintroduction of the limited edition residential range follows broker feedback and the 1% fee product provides wider choice for brokers and their customers.
Limited edition residential rates include two and five-year fixes across all adverse tiers up to 75% LTV. Rates start from 5.19% with a minimum loan amount £125,000 and a 1% fee.
In addition, buy-to-let rates have lowered by 0.25% across the range.
Across Precise's bridging range, standard and Tier 1 light refurbishment at 70% and 75% LTVs have reduced by 0.05% per month and Tier 2 heavy refurbishment rates have also reduced by 0.05% per month across the range.
Refurbishment buy-to-let rates have decreased by up to 105bps and Tier 1 has been aligned with standard refurbishment to simplify the range. EPC C+ refurbishment rates are now 0.20% cheaper, with rates from 5.24% per annum.
Adrian Moloney, intermediary director at OSB Group, said: “We are constantly reviewing our ranges and rates to ensure we are supporting our brokers and their customers with differing financial needs.
"We have reintroduced our popular limited edition residential range which offers our lowest rates and includes options for those with impaired credit which helps customers who may struggle to secure a high street mortgage.
"We are delighted to also offer reduced rates to our buy-to-let and refurbishment products which can be used for single dwellings, HMOs and MUFBs.”
