Rates start from 5.45% linked to the Bank of England Base Rate with fixed and lifetime tracker rates on offer.
The prime and near prime loans are available up to £1m. Precise said with this range, it has considered the need for an alternative financial solution, where a remortgage or further advance may not be in the customer’s best interests.
Simon Carr, director of secured loans said: “This further underlines our commitment to the intermediary market by introducing a compelling and complimentary proposition to our existing mortgage and short term lending range.”
Precise Mortgages has appointed Brightstar, Promise Solutions, The Loans Engine and VLoans to its master broker panel.
Marie Grundy, director at VLoans and Board member of the Association of Mortgage Intermediaries said: “It is particularly pleasing to see an innovative range of products with rates linked to the Bank of England Base Rate, which combines both transparency and market leading rates of interest. We are delighted to be amongst the small number of second charge master brokers who are currently able to offer the Precise Mortgages’ product range.”
