The specialist lender revealed the Help to Buy offering was available for borrowers who had ‘less than perfect’ credit profiles and came with no product fee and a refund of valuation fees.

The two-year and five-year fixed rate mortgages were available with rates starting at 4.24% and 4.34% respectively.

Meanwhile, the rate cuts on Precise’s buy-to-let range are as follows:

• 2 year fixed rate Buy to Let and Limited Company Buy to Let Mortgages – 3.14%
• 2 year fixed rate HMO and Limited Company HMO Mortgages – 3.44%
• 5 year fixed rate Buy to Let and Limited Company Buy to Let Mortgages – 3.49%
• 5 year fixed rate HMO and Limited Company HMO Mortgages – 3.74%

Doug Hall, director at packager, 3mc, said: “It’s fantastic to see this new range from Precise Mortgages, which is a real show of intent to help us support the broker community and customers alike, combined with their consistent and speedy servicing of cases throughout this year, which is excellent in the current market.”

Meanwhile, Adrian Moloney, group sales director of OneSavings Bank which owns Precise Mortgages, said: “It’s vital that we support the market in these challenging times, and we believe these rate reductions across our range of buy-to-let mortgages will help brokers in placing more of their customers’ cases.

“As one of the first specialist lenders to enter the Help to Buy market, we remain as committed to the scheme as we always have been, and our new Help to Buy remortgage products will help more first-time buyers meet their aspirations of becoming established homeowners.”