Precise Mortgages aims to help existing mortgage borrowers whose credit scores may be damaged as a result of defaulting on past loans, County Court Judgements and mortgage arrears.

The new product range includes two-year tracker deals starting from 3.75% and two-year fixed rate deals from 4.04%.

The mortgages, which are available up to 80% loan-to-value, are offered exclusively via specific mortgage advisers.