Brightstar get £5m new bridging funding from Precise
An early Christmas and New Year boost for brokers comes in the form of an extra £5 million tranche of bridging funding courtesy of Precise Mortgages and distributor Brightstar Financial.
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- Can be used for standard and light refurbishment
- Rates at 1% per month
- All LTV’s available
- Minimum loan from £250000
- Minimum term of three months
- Free valuations on properties up to £600000
According to Brightstar’s Director of Bridging & Commercial, Kit Thompson, one of the interesting features available gives brokers an opportunity to refinance an existing bridge.
He said, “We are delighted to be asked to help in the distribution of this important new product. Not only is it well priced but also comes as a welcome shot in the arm for brokers. The product is particularly versatile, which will be welcome news as we know brokers will have clients who will be anxious about their existing short term funding.”
Roger Morris, Sales Director at Precise Mortgages, commented, “We always aim to provide what the market needs and Brightstar Financial is well placed to help these funds reach the market quickly and efficiently.”
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