Precise launches new products and rates

Tracker rates now start at 4.94% and fixed rate products start from 5.14%. The refund of valuations and cashback products remain and LTVs are available up to 80%.

Commenting, Alan Cleary, managing director of Precise Mortgages, said: “The reduction in Libor has allowed us to reduce the rates on our most popular products and with the addition of some longer term fixes, I believe this range will help brokers win more business and help borrowers to buy more homes."