Alan Cleary

Precise increases regulated bridging LTV

Precise Mortgages has increased the LTV on its standard and light refurbishment regulated bridging finance to 75%, up from 70%.

The enhancement brings the lender’s regulated bridging offering in line with its non-regulated range.

The announcement follows the recent launch of Precise’s lowest-ever bridging finance rate of 0.49% per month (for loans below 50% LTV) on standard and light refurbishment bridging finance. 

Precise hopes the LTV increase will help more customers find the short-term borrowing solution they need.

“As one of only a small number of lenders operating in regulated bridging finance, we’re dedicated to making it accessible to more customers than ever before,” said Alan Cleary, managing director at Precise (pictured above). 

“With demand for regulated bridging finance continuing to grow in popularity, we’ve increased the LTV to 75% to ensure our range is highly competitive and attractive, providing brokers and their customers with more flexibility and choice.”

Brokers will have a choice of submission routes for the product, with automated valuation and joint legal representation options available. 

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