Master broker Access 4 Finance has added Precise Mortgages onto its lender panel for second charge loans.

Precise Mortgages currently offer the lowest rate second charge loans on the market at 5.45% and have loans up to £1m for both prime and near prime customers.

Dan Barker, director of Access 4 Finance, said: “We’re delighted to add Precise Mortgages to our second charge loan panel, with CCJ’s, defaults and mortgage and unsecured arrears being ignored over 12 months old, the products still enable clients to qualify for rates from 5.45%.

“The product can be a real alternative to clients who are currently tied in or for clients on a low SVR rate.

Simon Carr, second charge loans director at Precise, added: “We have been impressed with Access 4 Finance’s approach to selecting the cheapest loan for their clients – with our Prime range starting from 5.45% and now with recent changes to our Near Prime range clients with historic problems qualify for rates from 7.70%”