Precise launches 0.85% rate for large loans

Precise launches 0.85% rate for large loans



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Precise Mortgages has today launched an exclusive summer bridging product which sees loans priced between £1 million and £7.5 million benefiting from an interest rate of 0.85 per cent per month.

The launch of the new product, valid on all LTVs, is available through Precise’s Premier Panel partners: AToM (All Types of Mortgages), Brightstar Financial, Buildstore, The Finance Centre, Complete Mortgage and Loan Services Ltd, Coreco Specialist Finance, Enterprise Finance, Finance 4 Business, Only Bridging, Positive Lending and SPF Short Term Finance.

It can also be accessed through networks PMS, Legal and General Mortgage Club, Pink Home Loans, PTFS, Intrinsic, Simplybiz, Mortgageforce, Ingard and all NACFB members.

The term ranges from three months minimum to a maximum of 18 months, with a standard arrangement fee of 2 per cent and proc fees up to 1.30 per cent, depending on the network. The product type is standard bridging and light refurbishment, and is available for both regulated and non-regulated deals – limited to a maximum tranche of £10 million.

 

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