Precise launches new specialist bridging team and expands heavy refurbishment criteria

Precise Mortgages has widened its scope for heavy refurbishment cases as well as announcing a new dedicated bridging team.

A specialist bridging sales team has been created to not only support brokers with their bridging enquiries but also to provide support throughout the process to completion as well as post offer services.

The bridging proposition for heavy refurbishment (tier 2) will now support projects such as conversions from commercial into residential (up to 4 units) and residential conversions into HMOs now up to 10 lettable rooms.

Marc Callaghan, head of specialist finance at OSB Group, said: “I am delighted to be announcing our dedicated bridging team alongside expansion in our heavy refurbishment offering in Precise Mortgages. Our expert team are well-versed in bridging and the potential complexities that can appear with this type of finance and will be on hand to support brokers and customers throughout their bridging journey.

“With popularity increasing in co-living arrangements, now is the ideal time for us to be widening our criteria for heavy refurbishment cases in Precise Mortgages, to help brokers support their customers with varied financing options. The co-living sector has almost trebled since 2019 and there are now 25,021 units across the UK classed as co-living.”