Specialist lender Precise has boosted its residential range and launched various fee reductions, added LTV bands and expanded charge choices.
Highlights embody a five-year fastened, now from 4.72% beforehand 4.77%. And a two-year fastened, now from 4.73% beforehand 4.84%
For the LTV banding, Precise has launched new 55% LTV, 65% LTV and 80% LTVs throughout all normal ranges.
It has additionally expanded charge choices to incorporate £0 charge; £1,495 & 1% charge (new possibility) throughout the complete normal range for the primary time.
These modifications follows a current announcement from the lender of a rise to residential revenue multiples by as much as 6x for eligible prospects (together with these with adversarial) throughout all borrower varieties together with employed, self-employed, single and joint candidates, first time and subsequent patrons and people trying to remortgage.
Commenting OSB Group (which Precise is a part of) middleman gross sales director Adrian Moloney mentioned, “We are delighted to additional improve our product providing to brokers with residential prospects, serving to extra to get their foot on the property ladder, in addition to supporting these upsizing and downsizing.”
