Precise has refreshed its residential product range with lower rates and additional fee free options.

The lender will also refund valuation fees back to customers and receive £300 cashback.

Five-year fixed rates will now start from 4.74%, two-year fixed rates will start from 4.89% and three-year fixed rates will start from 4.99%.

Precise has also introduced a competitively priced five-year fixed rate at 5.04% on Tier 2 products to help support brokers with customers who may have adverse challenges. 

As part of the product refresh, the five-year fixed product can be accessed on behalf of customers with CCJs, defaults or mortgage arrears. 

OSB Group intermediary sales director Adrian Moloney says: “Our teams are constantly reviewing market conditions and have quickly made positive changes to help our broker partners support their residential customers.”

Last month, Precise added to its residential product range with new limited edition products to further enhance its improved residential offering.

The new additions include a two-year fixed rate option aimed at first-time buyers and five-year fix options.