The products are available to all registered brokers and the lender's Premier Panel of packagers and have rates starting from as little as 0.65% per month.
Highlights are:
- All standard and light refurbishment rates have been cut;
- Minimum loan £250,000;
- Maximum £1m;
- Available until end of December;
- Some rates cut by as much as 0.30% per month, and
- Standard procuration fees apply.
Alan Cleary, Managing Director of Precise Mortgages says:
"These are the best Bridging rates in the market and represent excellent value for borrowers, brokers and packagers."
Chris Fairfax, Managing Director of Positive Lending added:
“Conversion for Bridging cases will undoubtedly increase due to these changes as the disparity in pricing between conventional mortgages and short-term lending reduces. The improvements show Precise Mortgages are committed to maintaining their reputation as market leaders in Bridging.”
