The near-prime deals are two-year capped LIBOR tracker mortgages, starting from 5.09% for loans up to 75% LTV and 5.34% up to 80% LTV.
Deals are capped at 7.09% and 7.34% up to 75% and 80% LTV respectively until the end of 2012.
Both are available for purchase and remortgage clients, and include £300 cashback and a refund of standard valuation and assessment fees.
The products have an application fee of £1,795 and an early repayment charge of 3% applies until the end of 2011.
The deals will allow applicants to have one default in the last 36 months of a maximum of £500.
Rob McCoy, senior product and communications manager at Sesame, said: “We believe that Precise and the two exclusive products will be a welcome addition for our network members. The two new products have the added benefit that the early repayment charge only applies until the end of 2011, giving clients greater flexibility when considering other products in the future.”
Alan Cleary, managing director of Precise Mortgages, said: “We are very pleased to be added to Sesame’s lending panel and to know that our products will be available to more customers who are finding it difficult to get a mortgage from high street lenders.”
