Dual announcement from Precise Mortgages

Dual announcement from Precise Mortgages


Precise Mortgages, the bridging and short term lender, has increased its procuration fees on Short Term Lending to 1% with effect from today for all brokers. The previous proc fee was 0.80%.

Alan Cleary, managing director of Precise Mortgages, said: “This is a positive message that underlines our commitment to brokers and the Short Term Lending market.”

Precise Mortgages is also launching its entire product range in Scotland this Friday ahead of its roadshows on Monday. The lender’s online mortgage platform and internal processes have been amended to deal with the different home buying process in Scotland and brokers will have access to both near prime and short term lending products.

Alan Cleary stated: “We have been getting regular feedback from brokers that we should be lending in Scotland and our own research confirmed this view.  I am hoping that we get good take up of our products as we know that there are many customers north of the border who are finding it difficult to get a mortgage from a high street lender.”

Scott Kennedy, chairman of mortgage broker Kingsgate Law, added: “There are some great lending opportunities to be had in Scotland and it is great to see a lender who has a genuine appetite to lend money here.”

Precise Mortgages starts a nationwide series of roadshows commencing in Glasgow on the 21st November moving onto Edinburgh on the 22nd November. To book a place visit


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