A tranche of £5million has been made available to fund standard and light refurbishment bridging at 1% per month at a maximum LTV of 75%.
Other product highlights include a free valuation up to £1m property value, loans from £150,000, regulated and unregulated lending and ability to refinance existing bridging facilities
Chris Fairfax, Managing Director, comments:
“The combination of high LTV, competitive interest and additional incentives, namely a free valuation, will make this product very popular.
Alan Cleary, Managing Director, Precise Mortgages, comments:
"This product should be excellent for borrowers who want to keep up front costs to a minimum and Positive Lending with their extensive broker connections are perfectly placed to distribute this product."
