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Complex Buy To Let

Precise lowers residential rates and adds LTV bands and fee options

Precise lowers residential rates and adds LTV bands and fee options
Anna Sagar
Written By:
Posted:
August 14, 2025
Updated:
August 14, 2025

Precise has bolstered its residential range with rate cuts of up to 0.46%, alongside adding loan-to-value (LTV) bands and fee options.

Five-year residential fixed rates begin from 4.72% and two-year fixed residential rates will be priced from 4.73%.

The lender has also added 55%, 65% and 80% LTV bands, along with the addition of 1%, £1,495 and zero-fee options to its range.

The range will also have a no-fee offering with a refund of valuation and £300 cashback option.

Precise recently increased its loan-to-income (LTI) limit to six times income, following regulatory changes earlier this year.

It has also increased its maximum LTV and loan size, and made stress rate changes earlier this year.

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Adrian Moloney, intermediary sales director at OSB Group, said: “We are delighted to further enhance our product offering to brokers with residential customers, helping more to get their foot on the property ladder, as well as supporting those upsizing and downsizing.

“Precise remains committed to offering a range of options to serve buyers with potential affordability challenges, such as deposit constraints, affordability and imperfect credit histories. Within this bolstered range, we’ve included a number of rate reductions, including our Tier 2 adverse option, which has been reduced by up to 0.46%.”

In an interview earlier this year with this publication, it was confirmed that Precise would move away from buy to let (BTL) and focus on the residential market.