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Precise launches 2.89% two-year fix

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  • 09/10/2012
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Precise launches 2.89% two-year fix
Precise Mortgages has lowered the rate on its two-year fixed rate prime mortgage from 3.49% to 2.89%.

The product includes a £995 arrangement fee and is available up to 70% Loan to Value (LTV). The product exclusive is available to Legal and General Mortgage Club and Sesame Bankhall Group’s DAs and ARs.

Precise Mortgages revealed it would be launching a range of prime mortgages at the end of September in a move which will see the lender compete directly with high street banks. Precise’s full prime product range is available on its website.

Alan Cleary, managing director of Precise Mortgages said: “We are very serious about breaking into the prime mortgage market and we hope our products will be well received by brokers.”

Martyn Smith, head of mortgage products at the Legal & General Network, added: “The prime range from Precise Mortgages will be music to the ears of brokers and will provide them with the tools they need to combat recently launched products by lenders that are available to direct customers only. Precise are 100% focused on supporting mortgage intermediaries and I would encourage all brokers to take a good look at the products that sit at the top of the mortgage sourcing systems”.

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