Tier 2 and 3 products have also been expanded up to 80% LTV with two- and five-year fixed options, allowing for more adverse credit at higher LTVs.
New fee options, including 7% and 5% for five-year fixed and 5% for two-year fixed, have been added to improve borrowing capacity.
“These fee-based options support brokers and their clients who are looking for the reassurance of a fixed monthly payment and increased borrowing capacity,” said Adrian Moloney (pictured), group intermediary director at OSB Group.
“As well as reducing rates, we’ve widened our acceptable criteria on buy-to-let properties with all three tier products which strengthens Precise’s offering within the buy-to-let market.”
James Chisnall, director at City Finance Brokers, shared that they have many clients that this product range will be ideal for, as they will be able to maximise their opportunities with access to greater loan amounts via fee-based products.
