Precise Mortgages launch prime mortgage range

The products are priced from 3.49% for a 2-year fixed with an arrangement fee of £995. There is also a remortgage option which comes with a refund of the valuation fee and £250 cash back to help with legal fees. The product range comes with some post code restrictions which can be viewed on the lender's website.

Precise Mortgages now offer the broadest mortgage product range of any UK lender so brokers will be able to find a suitable product for most borrower’s circumstances.

Its online system give brokers an instant decision and now that the lender offers prime as well as near prime it will be able to give a positive decision in most cases.

Borrowers with the best credit scores will be offered the lowest priced products, whilst borrowers with slightly less than perfect scores will still have access to competitive deals.

Alan Cleary, managing director of Precise Mortgages, said: "Whilst many recent lender announcements have been about direct only products we remain 100% committed to the intermediary market.

“Our online system gives the broker the ability to get a decision in just a few minutes and whether the borrower has a perfect credit history or not we should be able to offer a very competitive product.

“This will save brokers a lot of time and hassle and will give borrowers the certainty of a decision they require.”

Initially the products are semi-exclusives available to brokers via First Complete, Legal and General Mortgage Club, Openwork, Personal Touch Financial Services, Pink Home Loans, PMS, Sesame and Simplybiz.