Precise Mortgages has launched a bridging range, featuring regulated and non-regulated products up to 75% LTV and no maximum loan size.
In addition, AVMs are now available up to 60% LTV and with no fee.
The new range also allows landlords to make internal reconfigurations, including property conversions to a small HMO up to six bedrooms, and garages and lofts to living spaces.
Rates start from 0.49% per month and the range includes a “significant” expansion to allowable light refurbishments.
Adrian Moloney, group sales director, OSB Group said: “Precise Mortgages is seen as bridging market leaders as we’re a trusted lender that has a proven track record in bridging and can manage service and processing effectively. We always ensure that we have the resources in place and we build in over-capacity in order to service applications.
“Our broker partners know that if we say we’re going to meet a deadline, then we will pull out all the stops to do so. Our dedicated bridging team work closely with our in-house real estate team and are supported by our specialist finance account managers, so altogether we have a really strong set of skills and expertise available.”
