Precise Mortgages slashes resi rates

Sarah Davidson

January 18, 2016

Precise Mortgages has cut rates across its residential mortgage range by up to 1.10% with rates now starting from as low as 2.99%.

The lender’s tier one, two and three products are available for customers with historical credit issues and have seen an average rate reduction of 0.55%.

Tier four, five and six products are tailored for customers who have recently had credit issues, and have struggled to secure a mortgage, these have seen even larger reductions, falling on average by 0.85%.

The lender is also offering £700 cash back on selected products when brokers submit an application via its packager panel.

Alan Cleary, managing director of Precise, said: “We’re dedicated to providing first class service to all of our brokers with instant online decisions, quick turnaround times and direct access to underwriters – we are here to help.”

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