Precise Mortgages has lowered five-year fixed rates across its limited edition buy-to-let range.

Five-year fixes now start from 5.24%, while the company is also introducing a new five-year fixed rate product with a 7% fee.

Precise, part of the OSB Group, has also lowered its minimum loan size to £40,000 across all limited-edition products.

OSB Group’s Group Intermediary Director Adrian Moloney says: “With market challenges set to continue and strong rental demand remaining, landlord affordability is paramount, that’s why we’re able to assess 5-year affordability at pay rate across loans for single dwelling, HMO and multi-unit properties.”

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