Precise cuts rates across residential range

“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,” said Adrian Moloney (pictured), group intermediary director at OSB Group.

“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 and propositions director at Sesame Bankhall Group, welcomed the rate reductions and enhanced affordability from Precise.

“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,” Charman said.