Precise has launched limited edition products which includes rate reductions on residential products.
The lender’s residential rates start from 5.79 with no product fee.
Other highlights include reductions in revert rates by up to 200 basis points and support for less-than-perfect credit profiles up to 85% loan-to-value (LTV).
The lender has also made changes across its buy-to-let (BTL) product range, including the introduction of a sub 4% rate.
BTL tiers 1 to 3 rates will start from 3.99% with a 5% fee while houses of multiple occupation (HMO) Tier 1 rates will start from 4.14% with a 5% fee.
The range has no restriction on loan size and has two- and five-year fixed 75% LTV products available.
OSB Group group intermediary director Adrian Moloney says: “We’re committed to helping our broker partners support their clients through market changes. The end of stamp duty relief for first-time buyers planned for next year could create a complex environment for those starting on the property ladder.”
“By introducing lower rates and products with no fees, we’re confident we’ll help more residential customers with their borrowing needs.”
“And with the buy to let market also continuing to face challenges, we’re introducing a sub 4% rate as well as reduced rates across many tiers to enable brokers to support their landlord customers.”