Precise cuts seconds rates

Sarah Davidson

February 13, 2015

Its preferred master broker panel will be able to offer the products, which cater for borrowers looking to take out between £30,000 and £200,000.

Simon Carr, director of second charge lending, said: “We have worked with our supporting preferred master brokers to ensure that mortgage intermediaries have access to the most comprehensive product range this market has ever seen.

“From the outset we promised them market leading products.

“Their continued support has resulted in our preferred master brokers being able to access rates as low as 4.85%.”

Precise launched into the second charge market in December 2013.

Carr added: “This latest range reinforces our message that we intend to be number one for second charge loans.

“The preferred master broker panel has also been refreshed to recognise those second charge master brokers who have supported our proposition.

“This latest range is simply a glimpse of exciting things to come for our supporters.”

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