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Precise Mortgages Boosts Bridging Range

Precise Mortgages has launched an enhanced bridging range, featuring regulated and non-regulated products up to 75 per cent LTV and no maximum loan size. In addition, AVMs are now available up to 60 per cent LTV and with no fee.

The new range also allows landlords to make internal reconfigurations, including property conversions to a small HMO up to 6 bedrooms, and garages and lofts to living spaces.

Highlights of the bridging range include:

• LTVs now up to 75 per cent (on regulated and non-regulated finance)

• Rates from 0.49 per cent per month

• AVMs now available up to 60 per cent LTV, and with no fee

• No max loan amount

• Significant expansion to allowable light refurbishments

Celebrating 10 years in the bridging market this year, Precise Mortgages has always led from the front with its bridging proposition and exceptional bridging support team which enables brokers to have a dedicated case worker from application through to completion. Brokers can choose to submit direct or via a premier panel, with the option of joint or separate legal representation in England and Wales to help keep costs under control.

Adrian Moloney, group sales director, OSB Group said, “Precise Mortgages is seen as bridging market leaders as we’re a trusted lender that has a proven track record in bridging and can manage service and processing effectively. We always ensure that we have the resources in place and we build in over-capacity in order to service applications.”

He added: “Our broker partners know that if we say we’re going to meet a deadline, then we will pull out all the stops to do so. Our dedicated bridging team work closely with our in-house real estate team and are supported by our specialist finance account managers, so altogether we have a really strong set of skills and expertise available.”