Specialist lender 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. The lender has also reduced rates on deals up to 60% from 0.74% per month to 0.64% per month.
Alan Cleary (pictured), managing director of Precise Mortgages, said: “We had our best ever year on bridging in 2016 and we intend to keep the momentum going.
“These are great rates and we expect them to be popular.”