Precise re-launch exclusive bridging product

Precise re-launch exclusive bridging product


Due to popular demand, specialist lender Precise Mortgages has re-launched its exclusive bridging product with a limited tranche.

The re-introduced product, available on a limited basis over the festive period, will be available until the tranche is used up.

In addition, when a case worth over £1 million (to a maximum of £7.5 million) is submitted to Precise, the monthly interest rate will be reduced to 0.85 per cent, applicable across all LTVs.

The product features the following criteria:

·         Loan size: £1 million - £7.5 million

·         Interest rate: 0.85 per cent across all LTVs

·         Facility Fee: 2 per cent

·         Procuration fee: Up to 1.30 per cent – refer to distributor

·         Product Type: Standard bridging and light refurbishment, available for both regulated and non-regulated deals

·         Term: 3-18 months

For more information, contact Precise Mortgages’ dedicated bridging desk on 08007810947


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