"We’ve really amplified our support towards the many borrowers out there who are facing difficulties with trying to get a mortgage from a high street lender"
- Adrian Moloney - OSB Group
Precise, part of OSB Group, has reduced rates across their entire residential range including their popular 5-year fixed product which has been reduced by 60 bps. The range has also been completely refreshed with increased affordability options.
Following the changes in the residential range, 5-year fixed rates now start from 5.29%. 2-year fixed rates now start from 5.69% and have a reduced reversion rate, helping further increase customers’ borrowing capacity
Additionally, 1-year fixed rates now start from 5.69% and also have a reduced reversion rate and Lifetime trackers start from 6.64%, with a fixed fee of £995.
Adrian Moloney, Group Intermediary Director, OSB Group said: “Following on from the Bank of England announcement last week which brought the base rate down to 5%, we’re delighted to be offering our lowest rates for some time.”
“Our refreshed residential range provides increased affordability options as well as potential solutions for those with varying degrees of credit impairment. We’ve really amplified our support towards the many borrowers out there who are facing difficulties with trying to get a mortgage from a high street lender.”
Stephanie Charman, Group Partnerships & Propositions Director, SBG said: “In the current housing market and with a large number of fixed-rate mortgages due to come to an end this year, many homeowners are concerned about rate volatility and what this might mean for them going forward.”
“We welcome these moves from Precise therefore in offering borrowers access to products and solutions that give them further choice and affordable options in these challenging times.”
