Precise makes large rate reductions across all product ranges

By Bridging Loan Directory 29th August 2024

Precise, part of OSB Group, has relaunched their limited edition residential range as well as cutting rates across its entire range up to 105bps.

The reintroduction of the limited edition residential range follows broker feedback and the 1% fee product provides wider choice for brokers and their customers.

Highlights include:

Residential limited edition launch on 2 year & 5 year fixed, all adverse tiers & up to 75% LTV. Rates from 5.19%. Minimum loan amount £125,000 with a 1% fee.
Buy to let. Rates lowered by 0.25% across the range.
Bridging. Standard and Tier 1 light refurbishment across 70% and 75% LTV reduced by 0.05% per month. Tier 2 heavy refurbishment also reduced by 0.05% per month across the range.
Refurbishment buy to let. Reduced by up to 105bps, Tier 1 aligned with standard refurbishment to simplify the range. EPC C+ refurbishment now 0.20% cheaper. Rates from 5.24% per annum.

Adrian Moloney, Group Intermediary Director, OSB Group said:

“We are constantly reviewing our ranges and rates to ensure we are supporting our brokers and their customers with differing financial needs.

We have reintroduced our popular limited edition residential range which offers our lowest rates and includes options for those with impaired credit which helps customers who may struggle to secure a high street mortgage.

We are delighted to also offer reduced rates to our Buy to let and Refurbishment products which can be used for single dwellings, HMOs and MUFBs.”