Highlights include a five-year fixed, now from 4.72% previously 4.77%. And a two-year fixed, now from 4.73% previously 4.84%

For the LTV banding, Precise has launched new 55% LTV, 65% LTV and 80% LTVs across all standard ranges.

It has also expanded fee options to include £0 fee; £1,495 & 1% fee (new option) across the entire standard range for the first time.

These changes follows a recent announcement from the lender of an increase to residential income multiples by up to 6x for eligible customers (including those with adverse) across all borrower types including employed, self-employed, single and joint applicants, first time and subsequent buyers and those looking to remortgage.

Commenting OSB Group (which Precise is part of) intermediary sales director Adrian Moloney said, “We are delighted to further enhance our product offering to brokers with residential customers, helping more to get their foot on the property ladder, as well as supporting those upsizing and downsizing.”