"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."
- Adrian Moloney, intermediary director at OSB Group
Precise has reduced rates across its entire product range by up to 105bps.
Buy-to-let rates have lowered by 0.25%, while refurbishment buy-to-let rates have decreased by up to 105bps and Tier 1 has been aligned with standard refurbishment to simplify the range. EPC C+ refurbishment rates are now 0.20% cheaper, with rates from 5.24% per annum.
Across Precise's bridging range, standard and Tier 1 light refurbishment at 70% and 75% LTVs have reduced by 0.05% per month and Tier 2 heavy refurbishment rates have also reduced by 0.05% per month across the range.
In addition, Precise has reintroduced its limited edition residential range, including two and five-year fixes across all adverse tiers up to 75% LTV. Rates start from 5.19% with a minimum loan amount £125,000 and a 1% fee.
Adrian Moloney, intermediary director at 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.”
