Precise short-term hits £25m

Sarah Davidson

June 27, 2011

Alan Cleary, managing director of Precise Mortgages, said: “We have had a decent start but there is still a long way to go. The feedback from the brokers who have submitted business is very encouraging but we still have a lot of improvements planned for the coming months.”

Last month Precise Mortgages did research that showed 19% of people believe they would be unable to get a mortgage in the next 12 months because there is not enough money to fund mortgages.

Cleary said: “This is a common view held by customers but things have moved on. The big banks are repaying the special liquidity scheme more quickly than anticipated and funding has become less of an issue than a couple of years ago. Precise Mortgages is a good example of this as we have strong levels of funding to deploy in both short-term lending as well as near-prime home owner mortgages.”

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