Precise launches 2.89pc 2-year fix and tops tables
Some of the remortgage products have no arrangement fee, £500 cash back and a refund of valuation fee. Some post code restrictions apply which can be viewed on the lender’s website.
The revert rates on these products are lower than many of the high street lenders and with its online system decisions are available in minutes 24 hours a day seven days a week.
The products are exclusive to Legal and General Mortgage Club and Sesame Bankhall Group and are available to their DAs and ARs.
Martyn Smith, head of mortgage products at Legal & General Network, said: “These new exclusives from Precise Mortgages will be music to the ears of brokers and will provide them with the tools they need to combat recently launched products by lenders that are available to direct customers only.
“Precise are 100% focused on supporting mortgage intermediaries and I would encourage all brokers to take a good look at these excellent products that sit at the top of the mortgage sourcing systems.”
And Robert McCoy, senior product and communications manager at Sesame Bankhall Group, said: “The combination of the low rates and the remortgage incentives come as a welcome addition to the new prime range from Precise Mortgages.
“For our members to be able to offer such competitive products to borrowers, whether or not they have a perfect credit history, is good news and I’m sure they will be well received.”
Alan Cleary, managing director of Precise Mortgages, added: “We are very serious about breaking into the Prime mortgage market and we hope that these products will be well received by brokers.”