BridgingNews

Precise launches its lowest ever bridging rate

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.”

Show Comments

Enter your e-mail address to receive updates straight to your inbox