Precise has improved the loan-to-value (LTV) on new build properties and those with Tier 4 adverse histories.

The latest improvements include adverse, affordability and lower pricing, to support more borrowers with a wider range of options.

From today, new build options are now available up to 90% LTV with rates starting from 5.66%.

In addition, 95% LTV products extended out to Adverse Tier 4 for those with past defaults or missed payments, subject to credit score.

Precise says by opening up new build lending to 90% LTV, brokers can help more clients access the benefits that many new build homes offer such as energy efficiency, ready-to-move-in convenience, and warranty protection.

OSB Group group intermediary director Adrian Moloney says: “Our latest residential improvements include options to make new build purchases more accessible and affordable as well as supporting clients who may have had credit blips.”

“We understand that life is busy and in our view, a missed direct debit shouldn’t block the route to homeownership.”

“We’ve also added a new range of 1-year fixed products, reduced rates for more customers with heavier adverse, and offer fee options of £0, 1%, or £995. It means that the wide ranging residential product range at Precise, offers practical solutions for brokers working hard to secure homeownership for their clients.”