"Post the referendum we saw some financial turmoil, the result of which is an expectation that the Bank of England will reduce the base rate in the coming months."
Managing Director Alan Cleary said the changes were as a result of "financial turmoil" following the Referendum, which resulted in "an expectation that the Bank of England will reduce the base rate in the coming months. This has translated to a significant drop in the cost of 5 and 10 year money".
Available from tomorrow, the new residential range is available up to 85% LTV and includes 10 year fixed rates from 3.79% and six year fixes from 3.59%.
Five year fixed buy-to-let rates have been cut by 0.14%, starting from 3.85%, and new 10-year fixed rates have been introduced from 3.99%.
In a statement, Precise said that the products offer customers "the chance to lock into historically low medium and long term fixed products".
