Specialist residential lender, Precise has further boosted its residential product range by lowering rates across the board and introducing 40-year term loans. The extended loan term could enable borrowers to access lower monthly payments, increase their borrowing capacity and offer more flexibility for their household budgeting constraints.
Key highlights include:
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Up to 40-year term options alongside low affordability stress rates
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Up to 97% LTV with fees added (max 95% LTV without fees added)
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Income multiples up to 6x for eligible customers, with maximum loan sizes up to £5m
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Rates now starting from 4.48%, including deep adverse support
The lender introduced a range of residential criteria changes throughout 2025 to support brokers with customers facing tight affordability, including debt consolidation up to 90% LTV, improved income multiples and new build lending up to 90% LTV.
These enhancements mean that brokers can now access a viable path to homeownership even for customers with complex financial backgrounds and deep adverse credit history including CCJs, defaults, mortgage and secured loan arrears and debt management plans.
Based on external analysis carried out by LendingScore in August 2025, Precise ranked 1st for case eligibility at 95% LTV when compared with other specialist adverse lenders, offering additional confidence to brokers in placing their cases.*
Adrian Moloney, Group Lending Distribution Director, OSB Group said “Specialist lending is about providing support and flexibility as no-one has a standard set of circumstances. With our new 40-year term now live, we’ve strengthened our proposition to enable brokers to help more customers sensibly increase their borrowing capacity so that they are able to successfully get on the housing ladder.”
* The assessment was based on published lending criteria and does not factor in lender credit scoring.