The new 80 per cent product range from Precise Mortgages is designed to assist clients who have experienced past credit issues including defaults, CCJs and mortgage arrears, or have simply been declined by a traditional high street lender. The new range of products is available across England and Wales for remortgages only. The range offers two year tracker rates starting from 3.75 per cent and two year fixed rates starting from 4.04 per cent. The range carries a free standard valuation (maximum £600), free remortgage legal service and a reduced £995 product fee.
Robert McCoy, senior products and communications manager at Sesame Bankhall Group, said:
We are pleased to be working with Precise Mortgages to offer this new exclusive range of 80 per cent LTV products for remortgage customers. I’m sure this will be welcomed by our members due to the growing demand for competitive remortgage deals which is also reflected in the recent CML figures.
Alan Cleary, managing director at Precise Mortgages said:
We expect the run up to the year-end to be very busy and hence are looking to support our key distributors during this time through offering these exclusive products.