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Precise Mortgages, part of the OSB Group, has announced the launch of new limited-edition mortgage products, featuring significant rate reductions across both its residential and buy-to-let (BTL) ranges. These new offerings aim to provide more competitive and flexible solutions for a wider range of borrowers.
For residential mortgages, Precise Mortgages has introduced new deals with rates starting from 5.79% for products with no fee. A key benefit for borrowers with less-than-perfect credit profiles is the substantial reduction in revert rates, with cuts of up to 200 basis points (bps). These residential products are available up to 85% loan-to-value (LTV), broadening access for various homeowners.
Key Benefits
In its buy-to-let (BTL) product range, Precise Mortgages has introduced a highly competitive sub-4% rate, with rates now starting from 3.99% for products with a 5% fee. This makes it one of the most attractive options in the market for BTL investors.
Further highlights within the BTL range include:
Eligibility Criteria
- HMO Tier 1 rates starting from 4.14% with a 5% fee.
- No restriction on loan size, offering flexibility for larger investments.
- Availability of both two-year and five-year fixed-rate products at 75% LTV.
These strategic new products and rate adjustments by Precise Mortgages demonstrate its commitment to meeting the diverse needs of both residential and buy-to-let customers, including those with specialist requirements. Compare options on our HMO mortgages page.
For more on this topic, see our guide to mortgage rates.
For more on this topic, see our guide to The Insider’s Guide to HMO Remortgage Rates.
For more on this topic, see our guide to mortgage rates.
For more on this topic, see our guide to comprehensive guide.