Precise selects Positive Lending for bridge exclusive

Nia Williams

December 13, 2012

A tranche of £5m has been made available to fund standard and light refurbishment bridging for properties valued up to £1m for loans from £150,000 for regulated and unregulated business.

Alan Cleary, managing director of Precise Mortgages, said: “This product should be excellent for borrowers who want to keep upfront costs to a minimum and Positive Lending with their extensive broker connections are perfectly placed to distribute this product.”

Chris Fairfax, managing director of Positive, said: “The combination of the high loan to value, the competitive interest rate and additional incentives will make this product very popular.”

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