You are here: Home - Specialist Lending - Bridging -

Precise drops bridging rate to ‘lowest-ever’

by: Heather Greig-Smith
  • 17/01/2017
  • 0
Precise drops bridging rate to ‘lowest-ever’
Precise Mortgages has launched its lowest-ever bridging rate of 0.54% per month.

The product is exclusively available through its Premier Panel members and is aimed at standard and light refurbishment deals up to 50% loan-to-value (LTV). The specialist lender has also reduced rates on deals up to 60% LTV from 0.74% per month to 0.64%.

Alan Cleary, managing director of Precise, said the decision followed “our best ever year on bridging in 2016” and is designed to keep the momentum going.

According to the latest broker sentiment survey conducted by bridging loan lender MTF, bridging finance had a good fourth quarter of 2016, with 31% of brokers noticing a rise in bridging loan volume, up from 13% in the previous quarter.

Three-quarters of brokers experienced a rise in overall bridging loan volumes in 2016 compared to 2015, with 69% expecting a further rise in 2017. None of the respondents expect bridging loan volumes to decrease in 2017, showing its growing prominence as a loan product.

There are 0 Comment(s)

You may also be interested in


Keep up-to-date with all the breaking bridging and short-term lending news and analysis, from regulatory changes to product innovation and inside market knowledge. Take a look at our broker and lender case studies showing short-term finance in practice.


Find all the news, opinion and analysis for property finance brokers specialising in commercial and semi-commercial mortgages, alternative and development finance for commercial investments in residential projects.

Second charge

Stay up-to-date with the latest news, analysis and opinion on the secured loan market as it evolves into a mainstream finance option following European regulation on 21 March 2016.

Complex buy-to-let

Whether it’s a complicated asset or a complex customer, you’ll find out all the breaking buy-to-let news in this section. From limited companies to portfolio landlords, student lets to a House in Multiple Occupation, we’ve got all bases covered with our up-to-the-minute news, analysis and opinion.

Mortgage Solutions

Find all the breaking news, analysis and industry comment on Specialist Lending Solutions' sister site, Mortgage Solutions

Read previous post:
computer keyboard with keys resting on it
Specialist buy-to-let lenders to grow market share in 2017

Specialist buy-to-let lenders are well placed to grow market share and win a greater number of portfolio landlords in the...