Precise Mortgages is set to launch a cut-price range of residential and buy-to-let products taking advantage of a fall in the cost of funds for five and 10-year fixed rates, following the EU referendum result.
Medium to longer-term swap rates fell after the UK voted to leave the European Union, as the markets priced in the expectation that the Bank of England would reduce its base rate in the coming months.
For residential borrowers, it has introduced six-year fixed rates starting from 3.85% and 10-year fixes which begin at 3.99%, both ranges are available up to 85% loan-to-value (LTV).
Five and 10-year fixed rates starting from 3.85% and 3.99% respectively have been introduced to its buy-to-let range, available up to 75% LTV.
The products will be available from tomorrow.
