Precise Mortgages Launches Short Term Lending Products

There are three products available at launch, the first is a Standard Bridging product which is designed for customers who require funds in a short timescale; typically associated with purchases of property at auction or a deal that carries a discount if a quick completion takes place. 

The next two are a Light and a Heavy Refurbishment product designed for use by property developers.  None of the products are available for residential purposes.

Product highlights are:

- No maximum loan size

- Lending in England and Wales with no regional restrictions

- Ability to lend greater than 100% of purchase price (subject to additional security)

- No exit fees

- Market leading rates

- First Class service with quick decisions and funds release

- Lending to individuals, LLPs and Limited Companies

Alan Cleary, managing director of Precise Mortgages says:

“Service is a key deliverable in this market, if a customer needs funds within a certain timescale the lender needs to deliver.  We have a substantial team of experienced people in place and I am certain that our service delivery will be as promised.”