Precise adds resi range with 1-year fixes, lifetime trackers     – Mortgage Finance Gazette

Precise has prolonged its residential range by introducing one-year fixed-rate and lifetime tracker mortgages.  

The specialist lender, a part of the OSB Group, says the transfer helps debtors “who’re searching for the reassurance of a hard and fast month-to-month fee however don’t need a longer-term fastened charge”.  

Its new lifetime tracker merchandise embody a charge possibility, which has no early compensation cost, or a fee-free possibility, which consists of an early compensation cost for 2 years.   

Both one-year fixes and lifetime trackers can be found at as much as 85% LTV throughout totally different ranges of adversarial credit score.  

OSB group middleman director Adrian Moloney says: “This launch reacts to present market circumstances offering our brokers with residential clients extra choices for his or her mortgages.   

“Whether clients are searching for the consolation of a short-term fastened fee or for these wanting extra freedom than what a hard and fast charge gives, these new merchandise are designed to assist the shoppers’ altering wants in an ever-changing market.”