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Precise cuts rates on near-prime mortgage range

Precise Mortgages has reduced the rates on all of the products within its range of near-prime mortgages.

Its fixed rate deals have been cut by 0.6% with rates now starting from 5.24% for a two-year fix available up to 70% LTV.

In addition, Precise has launched a new two-year fixed rate deal, which has a rate of 5.49% and is available up to 70% LTV, while it comes with £250 cashback, a free standard valuation and assessment fee.


No reason why Aldermore deal should have high rate

Star Letter I was interested to read last week about the 100% LTV mortgage Aldermore brought out. It is a three-year fixed rate at 6.48% and parents, step-parents or grandparents will be asked to provide a guarantee secured against their residential property for the amount of loan above 75% LTV. But as the 25% is […]

CML says UKAR’s customer checks are prudent move

The Council of Mortgage Lenders has defended UK Asset Resolution’s decision to contact borrowers if changes in their financial profile suggest they may be at risk of falling into arrears. UKAR, the holding company for Bradford & Bingley and Northern Rock Asset Management, is contacting borrowers it believes could run into difficulties paying their mortgage […]


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