Precise, part of OSB Group, has launched new products and cut rates while LendInvest Mortgages has lowered its buy-to-let (BTL) rates.

Precise has added a limited edition residential range, with rates slashed by at least 0.60%. Rates on these products will start from 5.39% with a 1% fee across tiers 0 to 5.

The range is available at 75% loan-to-value (LTV) on two- and five-year fixed rate options and will be on offer for a limited time only.

Precise group intermediary director Adrain Moloney states: “This limited edition range is great news for brokers and borrowers alike as not only does it offer our lowest rates as well as low fees, it also includes options for those with impaired credit which ticks the box for many.”

Meanwhile, LendInvest Mortgages has lowered its BTL rates, providing more competitive options for landlords.

Following its June rate cut, the lender has further reduced selected five-year rates by up to 10 basis points. Rates will start from 4.99%.

LendInvest commercial director Sophie Mitchell-Charman says: “Our latest rate reductions are designed to make it even easier for landlords to manage and grow their portfolios, demonstrating our dedication to supporting the BTL market.”