Adrian Moloney

Precise enhances bridging finance range

Precise Mortgages has improved its bridging finance range in a bid to help brokers place more of their customers’ cases.

The specialist lender has increased LTVs to 65% and maximum loan sizes to £1m across both regulated and non-regulated applications.

The range also includes a choice of standard and light refurbishment products; an expanded variety of property types that will be accepted, such as HMOs and new builds; and rates from 0.49% per month.

“In the current climate, it’s essential that brokers can continue to help as many of their customers as possible,” commented Adrian Moloney, group sales director at OneSavings Bank (pictured above).

“Our bigger and better bridging finance range, which is backed up by quick decisions, joint legal representation and dedicated underwriter support, offers innovative short-term finance solutions for customers who need to secure a deal on a fast turnaround.”

The enhancement has been welcomed by Jo Breeden, managing director at Crystal Specialist Finance, who said that Precise’s increase in LTVs to 65% was “great”.

“The market needs Precise Mortgages with their excellent service proposition, and this is a nod to the further confidence investors, brokers and lenders have in bridging as a viable solution for both the regulated and non-regulated market."


Leave a comment