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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