Precise: Officially open for business

Precise: Officially open for business


Precise Mortgages, the specialist intermediary lender has today launched its Short Term Lending proposition.

There are three products available at launch, the first is a Standard Bridging product which is designed for customers who require funds in a short timescale; typically associated with purchases of property at auction or a deal that carries a discount if a quick completion takes place. The next two are a Light and a Heavy Refurbishment product designed for use by property developers. None of the products are available for residential purposes.

Product highlights are:

• No maximum loan size
• Lending in England and Wales with no regional restrictions
• Ability to lend greater than 100% of purchase price (subject to additional security)
• No exit fees
• Market leading rates
• First Class service with quick decisions and funds release
• Lending to individuals, LLPs and Limited Companies

Alan Cleary, managing director of Precise Mortgages says, "Service is a key deliverable in this market, if a customer needs funds within a certain timescale the lender needs to deliver. We have a substantial team of people in place who know what they are doing and I am certain that our service delivery will be as promised."

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