Precise Mortgages, part of the OSB Group, has lowered rates across a range of residential products.
It has also introduced supporting measures to help brokers accommodate clients with wider adverse requirements including Right to Buy products.
The new residential range includes the following:
- 5-year fixed rates starting from 5.49%
- 2 and 3-year fixed rates starting from 5.79%
- Re-introduction of 85% LTV
- Options for clients on debt management plans (DMPs)
Adrian Moloney(pictured), group intermediary director, OSB Group, said: “We wanted to hit the ground running and provide solutions for our brokers, who together with their clients, are facing some really tough financial challenges.
“This new range provides options for clients with less-than-perfect credit profiles, including those with CCJs, defaults and active DMPs. To keep things simple, brokers can take advantage ofPrecise Mortgage’s online automated cascade system, where cases are filtered until an appropriate product is found, without the need to reapply.
“The cascade system is a real time saver, especially with more complex cases although we’re always happy to discuss case specifics prior to application. Alternatively we also offer Live Chat and have a dedicated telephone support team on hand so there’s a wide range of support available to help brokers do more business.”