The specialist lender brought out the two-tier offering, in addition to its standard bridging finance loans, in April, and is utilising a combination of expertise across both brands.

The product suite includes funding structural works and extensions for residential customers, and the conversion of commercial premises through the InterBay range.

The launch coincides with an increased demand for HMOs and the changes in permitted development rights.

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During the interview, when asked how the new bridging range from Precise Mortgages and InterBay could be used to retrofit and upgrade the UK’s old and draughty housing stock in an affordable way, Emily explained that bridging finance was a lot cheaper than it used to be.

“It’s no longer a lending line of last resort,” she said, “and by doing that to the property, you are potentially adding value to [it] by making improvements.”

As a result, she believes borrowers will be more likely able to exit onto a term loan at the end of the refurb.

The interview also discusses changes in the specialist finance account manager team, how the finance provider is assessing risk in a volatile environment and the advice they would give brokers to make things more streamlined, and what is causing the demand for heavy refurbishment products.

The full interview can be watched above.