Mortgage News
Precise launches short-term deals
Precise Mortgages has today launched its range of short-term products, after confirming it was entering the sector last week.
The lender is offering three products: a standard bridging deal, for customers who require funds in a short timescale, such as when buying at auction; and a light and heavy refurbishment product for property developers.
None of Precise’s products are available for residential purposes.
The deals offer no maximum loan size, lending in England and Wales with no regional restrictions and no exit fees, lending.
Precise will also lend to individuals, LLPs and limited companies, and can lend more than 100% of purchase price, subject to additional security.
Alan Cleary, managing director of Precise Mortgages, said: “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.”
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