PMS members and appointed representatives of Sesame now have exclusive access to a range of 80% LTV products aimed at clients who have a low credit score or may have current and past credit issues.
The new 80% product range remortgage-only from Precise Mortgages is designed to assist clients who have experienced past credit issues including defaults, CCJs and mortgage arrears, or have just been declined by a traditional high street lender.
The range offers two year tracker rates starting from 3.75% and two year fixed rates starting from 4.04%.
The deals come with a free standard valuation (maximum £600), free remortgage legal service and a reduced £995 product fee.
Robert McCoy, senior products and communications manager at Sesame Bankhall Group, said: “We are pleased to be working with Precise Mortgages to offer this new exclusive range of 80% LTV products for remortgage customers.
“I’m sure this will be welcomed by our members due to the growing demand for competitive remortgage deals which is also reflected in the recent CML figures.”
Alan Cleary, managing director at Precise Mortgages, added: “We expect the run up to the year-end to be very busy and hence are looking to support our key distributors during this time through offering these exclusive products.”