Precise Mortgages, the intermediary lender, has today launched a set of limited edition bridging products which it describes as market leading.
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 cent per month.
Highlights are:
• All standard and light refurbishment rates have been cut;
• Minimum loan £250,000;
• Maximum £1 million;
• Available until end of December;
• Some rates cut by as much as 0.30 per cent 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.”
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