Precise, part of the OSB Group, has unveiled new limited edition products with rate reductions.
Residential rates now start from 5.79% with no product fee.
The changes include reductions in revert rates by up to 200 basis points and support for poor credit score profiles up to 85% LTV.
The lender has also made changes across their BTL product range, including the introduction of a sub 4% rate.
• Tiers 1-3 with rates from 3.99% with a 5% fee
• HMO Tier 1 rates from 4.14% with a 5% fee
• no restriction on loan size
• 2 year & 5 year fixed, 75% LTV products
Adrian Moloney, group intermediary director at OSB Group (pictured above) commented: “We’re committed to helping our broker partners support their clients through market changes.
“By introducing lower rates and products with no fees, we’re confident we’ll help more residential customers with their borrowing needs.
“And with the BTL market also continuing to face challenges, we’re introducing a sub 4% rate as well as reduced rates across many tiers to enable brokers to support their landlord customers.”
