There are three products available at launch, the first is a Standard Bridging product which is designed for customers who require funds in a short timescale; typically associated with purchases of property at auction or a deal that carries a discount if a quick completion takes place.
The next two are a Light and a Heavy Refurbishment product designed for use by property developers. None of the products are available for residential purposes.
Product highlights are:
- No maximum loan size
- Lending in England and Wales with no regional restrictions
- Ability to lend greater than 100% of purchase price (subject to additional security)
- No exit fees
- Market leading rates
- First Class service with quick decisions and funds release
- Lending to individuals, LLPs and Limited Companies
Alan Cleary, managing director of Precise Mortgages says:
“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.”
