Precise Mortgages has updated its residential mortgage range with lower rates and options for borrowers with adverse credit.
This includes the reintroduction of its mortgages at 85 per cent loan to value (LTV).
Rates for five-year fixes begin at 5.49 per cent while two and three-year fixes start from 5.79 per cent.
Precise Mortgages has also added products for borrowers with a debt management plan (DMP), with rates beginning at 5.69 per cent for a five-year fix at 75 per cent LTV.
Depending on the criteria, the DMP range allows for borrowers with two defaults in the last 24 months, one county court judgment (CCJ) in the last 24 months and one missed mortgage payment in the last year.
Adrian Moloney (pictured), group intermediary director at OSB Group, said: “We wanted to hit the ground running and provide solutions for our brokers, who together with their clients, are facing some really tough financial challenges.
“This new range provides options for clients with less-than-perfect credit profiles, including those with CCJs, defaults and active DMPs.”
Shekina is the deputy editor at Mortgage Solutions and commercial editor at Mortgage Solutions and Specialist Lending Solutions. She has nearly eight years of experience in the B2B publishing market, having previously covered the hospitality, retail, pet, accounting and jewellery sectors.
Shekina has worked for Mortgage Solutions and Specialist Lending Solutions for almost five years. Here, she covers the market’s breaking news stories, engages with professionals in the sector, and oversees any commercially agreed content in partnership with mortgage-related companies.
This includes presenting webinars and hosting roundtable discussions on developing themes in the mortgage sector.
She is an NCTJ-trained journalist and was nominated for the Headline Money Awards Mortgage Journalist of the Year in 2021.
In her spare time, Shekina likes to read, travel, listen to music and socialise with friends.
She currently reports on current events in the mortgage market and liaises with financial clients to produce sponsored content.
Follow her on Twitter at @ShekinaMS
