Precise launches bridging product with zero facility fee

Robyn Hall

July 31, 2014

Procuration fees are paid on a trail basis over the life of the loan to a maximum of 2.50% of the net loan.

Gareth Lewis, director of bridging for Precise Mortgages, said: “For those borrowers where a zero facility fee coupled with a slightly higher monthly rate makes good financial sense, this gives both the borrower and the broker increased choice.”

The product is only available via its Premier Panel, which consists of:

• 3mc

• Brightstar Financial

• Buildloan Ltd

• TFC /Capital Advances

• Only Bridging

• SPF Short Term Finance

• Sterling Partners Finance Limited

• Voltaire Bridging

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