Specialist residential lender, Precise, has improved LTVs on new build properties and those with Tier 4 adverse histories.
Throughout this year, Precise has focused on an overhaul of its residential proposition including increasing LTVs to 95%, increasing the loan-to-income ratio to 6x, and reducing stress rates.
The latest improvements launched today cover adverse credit, affordability and lower pricing.
New build options are now available up to 90% LTV, with rates starting from 5.66%.
95% LTV products have also been extended to Adverse Tier 4 for those with past defaults or missed payments (subject to credit score).
Adrian Moloney, intermediary director at OSB Group, said: “Our latest residential improvements include options to make new build purchases more accessible and affordable as well as supporting clients who may have had credit blips. We understand that life is busy and in our view, a missed direct debit shouldn’t block the route to homeownership.
"We’ve also added a new range of one-year fixed products, reduced rates for more customers with heavier adverse, and offer fee options of £0, 1%, or £995. It means that the wide ranging residential product range at Precise, offers practical solutions for brokers working hard to secure homeownership for their clients.”
