Precise has relaunched its limited edition residential and has cut rates across its entire range by up to 105 bps. The reintroduction of this range follows broker feedback, while the 1% fee product provides wider choice for brokers and their customers. The lender, which is part of OSB Group, has launched a residential limited edition on its two- and five-year fixes, with rates available from 5.19% at up to 75% LTV. It has a minimum loan amount of £125,000 with a 1% fee. Precise’s buy-to-let (BTL) rates have been lowered by 0.25%, while its bridging standard and tier one light refurbishment products have been reduced by 0.05% per month on its 70% and 75% LTV products. Its refurbishment BTL products have been reduced by up to 105 bps, with rates start from 5.24% per annum.

Vida has enhanced its residential range by introducing a new limited edition two-year fixed product at 90% LTV. The two-year product is available of the Vida 36 credit tier at a rate of 7.34% and is also available on the five- and seven-year options, with a product fee of £1,495. The lender has also made rate cuts to two of its five-year fixed rate BTL products by 0.33%. The two products are available up to 75% LTV with a 2% fee option at a rate of 5.46% and a 4% fee option at a rate of 5.06%.

Hodge has added new 60% LTV five-year fixed rate products to its 50+ and retirement interest-only (RIO) mortgage ranges. The new 50+ product is available at 5.32% and the RIO rate is set at 5.57%, both with a £995 product fee. The new product launches follow the introduction of a new Hodge Resi product, which is a rebrand of its professional mortgage proposition. Hodge Resi provides more inclusive borrowing options for customers with complex income requirements from 21 years of age up to their chosen retirement age.

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