Precise Mortgages expands product transfer range

The lender has launched new residential and buy-to-let product transfer options.

Related topics:  Mortgages,  Product transfer
Rozi Jones | Editor, Financial Reporter
1st December 2023
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"The introduction of these products will provide further options to support brokers with their residential and buy-to-let customers looking to retain their mortgages with Precise Mortgages."
- Adrian Moloney, intermediary director at OSB Group

Precise Mortgages has increased the number of product transfer options, adding products with fees to complement its range of fee-free products.

Precise says the fee-paying products will support customers looking to manage their immediate monthly costs and could be a welcome option with ongoing financial uncertainties.

Residential products include two, three and five-year options. Rates start from 6.29% for products with a 1% fee and 6.49% fee-free.

Buy-to-let products include one, two, three and five-year options. Rates start from 4.59% with a 3% fee, 6.59% with a 1% fee, and 6.89% fee-free.

Adrian Moloney, intermediary director at OSB Group, said: “The introduction of these products will provide further options to support brokers with their residential and buy-to-let customers looking to retain their mortgages with Precise Mortgages.

"We always stress that it’s vital for customers to engage with a broker to get the best advice on the options available to them.”

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