Precise has improved the Loan-to-Value (LTV) for new-build homes and homes with a Tier 4 adverse history.
The latest improvements include favorable affordability and lower prices, to support more borrowers with a wider range of options.
As of today, new build options are available up to 90% LTV with rates starting from 5.66%.
Additionally, 95% LTV products were expanded to Adverse Tier 4 for those with prior defaults or missed payments, depending on credit score.
Precise says that by opening up new construction loans at 90% LTV, agents can help more customers access the benefits that many new construction homes offer, such as energy efficiency, move-in convenience and warranty protection.
OSB Group intermediary director Adrian Moloney says: “Our latest home improvements include options to make new build purchases more accessible and affordable and to support customers who may have had credit problems.”
“We understand that life is busy and in our view a missed direct debit should not block the path to home ownership.”
“We have also added a new range of fixed products with a 1-year term, reduced rates for more customers with more severe disadvantages, and offering rate options of £0.1% or £995. It means the wide range of residential products at Precise provide practical solutions for agents working hard to secure home ownership for their clients.”