The new 85 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 simply have been declined by a traditional high street lender. The new range of products is available across England, Wales and selected postcodes in Scotland, with Two Year Tracker rates starting from 3.79 per cent and Two Year Fixed rates starting from 3.89 per cent.
John Cupis, managing director, mortgages at Sesame Bankhall Group, said:
We are pleased to be working with Precise Mortgages to offer this new range of 85 per cent LTV products. SBSLS continually strives to help brokers place and process a wide range of mortgage cases in this specialised area, where we offer some of the most competitive procuration fees in the market. I am confident that these products will prove popular with advisers.
Alan Cleary, managing director at Precise Mortgages, commented:
Our range of 85 per cent LTV products are only available via a select distribution panel. We are pleased to be working with SBSLS given their reputation for assisting brokers place and process cases within this area of the market. We expect to increase volumes over the coming months as confidence grows about the improving prospects for the UK housing market.