Precise Mortgages, the intermediary only lender, has increased rates by 0.4 per cent on two year fixed rates and 0.20 per cent on all tracker products. Three year fixed rates have increased by 0.50 per cent and five year fixed rates by 0.60 per cent.
In addition, fees assisted products which are currently only available on fixed products are now available on tracker products as well.
Alan Cleary, Managing Director of Precise Mortgages says: “We have entered a new phase of the cycle, which means money markets are likely to be volatile and this affects our cost of funds. We expect continued volatility and therefore have made a moderate increase to our rates to compensate.”
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