Precise Mortgages cuts rates, introduces adverse support


Precise Mortgages has cut rates across a range of residential loans and has introduced supporting measures for borrowers with wider adverse requirements, which includes Right to Buy products.

The lender, part of the OSB Group, says highlights of the new residential range include:

  • Five-year fixed-rate deals starting at 5.49%
  • Two- and three-year fixed-rate loans starting at 5.79%
  • The re-introduction of 85% loan-to-value offers
  • Options for clients on debt management plans

OSB group intermediary director Adrian Moloney says: “We wanted to hit the ground running and provide solutions for our brokers, who together with their clients, are facing some really tough financial challenges.”

“This new range provides options for clients with less-than-perfect credit profiles, including those with county court judgements, defaults and active debt management plans. 

“To keep things simple, brokers can take advantage of Precise Mortgage’s online automated cascade system, where cases are filtered until an appropriate product is found, without the need to reapply.” 

“The cascade system is a real timesaver, especially with more complex cases although we’re always happy to discuss case specifics prior to application.

“Alternatively we also offer Live Chat and have a dedicated telephone support team on hand so there’s a wide range of support available to help brokers do more business.”

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