Precise opens up prime distribution

Sarah Davidson

October 16, 2012

The intermediary lender originally launched the prime range to a limited distribution through semi-exclusives with Legal & General and Sesame advisers.

The deals now being extended to other brokers include a 2.89% 2-year fixed rate with a £995 fee and the lender said it was planning some further changes next week.

Alan Cleary, managing director of Precise, said: “We’ve launched this range in the middle of a prime price war and we intend to keep competing. We have big ambitions in the prime market.”

Cleary refused to give away any details on what the new range would look like but said it would include a “market leading” offer and additional tracker rates.

Sign up to our daily email