Precise lowers rates and launches 40-year term loans Mortgage Finance Gazette

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Precise has lowered rates across the board and introduced 40-year term loans.

The reduced rates mean prices now start from 4.48% and include adverse credit history support.

Products are available with term options of up to 40 years and up to 97% loan-to-value (LTV) with fees added (maximum 95% LTV without fees added).

Precise lends up to six times income for eligible customers, with maximum loan sizes up to £5m.

OSB Group group lending distribution director Adrian Moloney says: “Specialist lending is about providing support and flexibility as no-one has a standard set of circumstances.”

“With our new 40-year term now live, we’ve strengthened our proposition to enable brokers to help more customers sensibly increase their borrowing capacity so that they are able to successfully get on the housing ladder.”

Last week, OSB Group announced the promotion of Moloney to group lending distribution director.

In his expanded role, Moloney will be responsible for shaping and delivering OSB Group’s lending distribution strategy across its three specialist lending brands: Precise, Rely and InterBay.