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Precise Mortgages cuts rates

Written by: Vicky Hartley
Precise Mortgages has simplified its lending criteria and reduced the interest rates it charges on many deals.
Precise Mortgages cuts rates

The lender, which operates solely through mortgage advisers, has cut the interest rates it charges on its standard mortgages by up to 2.25% to start from 4.45% and reduced its product fee to £495 from £995.

Rates on ‘near-prime’ – for borrowers with minor faults on their credit records –  have also been cut by up to 3.25% and now start from 5.45% plus Bank Base Rate.

Steve Walker, director of adviser Promise Solutions, said: “The latest products offer a market leading combination of rates, low fees and choices of tracker or fixed rates… the new criteria will result in significantly more clients qualifying for the excellent rates on offer.”


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