Precise bridging products from 0.65pc per month

Robyn Hall

October 15, 2013

The products are available to all registered brokers and the lender’s premier panel of packagers and have rates starting from as little as 0.65% per month.

Alan Cleary, managing director of Precise Mortgages, said: “These are the best bridging rates in the market and represent excellent value for borrowers, brokers and packagers.”

Chris Fairfax, managing director of Positive Lending, added: “Conversion for Bridging cases will undoubtedly increase due to these changes as the disparity in pricing between conventional mortgages and short-term lending reduces. The improvements show Precise Mortgages are committed to maintaining their reputation as market leaders in bridging.”

Highlights are:

• All standard and light refurbishment rates have been cut.

• Minimum loan £250,000.

• Maximum £1m.

• Available until end of December.

• Some rates cut by as much as 0.30% per month.

• Standard procuration fees apply.

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