EASY PEASY PRODUCTS.
What's New
NEW residential limited edition products available.
- 2-year and 5-year fixed, all adverse tiers up to 75% LTV with rates from 5.19%.
- Minimum loan amount £125,000 with a 1% fee.
What's New
What's New
- Standard now from 5.74%, EPC C+ now 0.20% cheaper.
What's New
- Standard and Tier 1 Light Refurbishment 70% and 75% LTV reduced by 0.05%.
- Tier 2 Heavy Refurbishment reduced by 0.05% across the range.
What's New
- 2-year fixed rates reduced by 0.30%
- 1-year, 2-year, 3-year and 5-year options, rates start from 4.79%
- Rates from 0.69%
- Up to 75% LTV
- AVMs available up to 60% LTV, and with no fee
- Regulated and non-regulated
- No maximum loan amount
- Landlords who want to make a quick purchase
- Chain-break finance
- Cash flow funding for short term requirements
- Buying property at auction
- Meeting tight transaction deadlines
- Where short-term finance is required and is secured on a property in a habitable condition and does not require any improvement works
- Regulated Bridging Finance can be used for almost any purpose, except where your customer is looking to raise finance by way of a second charge and the loan is for business use. For this situation our range of Non-Regulated Bridging Finance could help
- Rates from 0.74%
- Up to 70% LTV
- Regulated and non-regulated
- No maximum loan amount
- Extensions
- Loft conversions
- Single unit to multi-unit
- Multi-unit to single unit
- Multi-unit properties currently at 'wind and water tight' stage that require completion
- Barn conversions
- Conversion of a commercial unit into a maximum of 4 flats
- Landlords looking to change the use of a residential property to a HMO with up to 10 lettable rooms
- Landlords looking to change the use of a residential property to a maximum of 6 flats. An acceptable new home warranty will be required
- Planning permission is required
- Works are being completed under Permitted Development Rights (change to property footprint)
- There is a change in overall use or nature of the premises
- Regulated Bridging Finance can be used for almost any purpose, except where your customer is looking to raise finance by way of a second charge and the loan is for business use. For this situation our range of Non-Regulated Bridging Finance could help
Ready to submit a bridging case? Once you're registered complete our DIP form and send it to [email protected].
We’ll then send a DIP approval showing the information we need provided, and confirm the monthly rate and your procuration fee. If it’s standard bridging, we’ll also confirm if it qualifies for an online valuation (AVM).
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When completing Bridging Finance, both Precise Mortgages and your customer will need a conveyancer to complete the necessary legal work associated with the transaction.
There are two conveyancing options available for your customers, which are detailed below.
1. Joint Representation - Preferred Bridging Conveyancer Panel
We work with conveyancers who have a thorough understanding of the speed and service requirements for Bridging Finance transactions.
To proceed with joint representation your customer should select one of the firms below. We will instruct this firm to act on behalf of Precise Mortgages and they will also act for your customer.
England and Wales | |||
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Blacks Solicitors LLP | 0113 207 0000 | www.lawblacks.com | City Point, 29 King Street, Leeds, LS1 2HL |
BTMK Solicitors Ltd | 0170 234 6677 | www.btmk.co.uk | 100 Alexandra Road, Southend on Sea, Essex SS1 1HQ |
Goldsmith Williams-Gwlegal | 0345 373 3737 | gw.legal | 4th Floor, 20 Chapel Street, Liverpool, L3 9GW |
Gordons Property Lawyers | 0162 830 8380 | www.gplawyers.co.uk | SC House, Vanwall Road, Maidenhead, Berkshire, SL6 4UB |
JMW | 0345 872 6666 | www.jmw.co.uk | 1 Byrom Place, Manchester, M3 3HG |
Lightfoots | 0184 421 2305 | www.lightfoots.co.uk | 1-3 High Street, Thame, OX9 2BX |
TLT LLP | 0333 006 0700 | www.tlt.com | 3 Hardman Square, Manchester, M3 3EB |
If your customer does not wish to instruct a covenyancer from our panel, they are under no obligation to do so. We can proceed with separate representation, allowing your customer to select their choice of conveyancer.
Scotland | |||
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Aberdein Considine | 0333 006 6113 | www.acandco.com | 5-7 Bon Accord Crescent, Aberdeen, AB11 6DN |
McVey & Murricane Solicitors | 0141 333 9688 | www.mmilegal.com | Albert Chambers, 13 Bath Street, Glasgow, G2 1HY |
Important information
The borrower will be responsible for paying all the conveyancers fees, costs and disbursements including the fees of the conveyancer acting for us in connection with the Bridging Finance.
The borrower should obtain a detailed quotation from both the conveyancer acting for them, and any conveyancer acting for us if we instruct a different firm to act for us.
2. Separate Representation
For Scottish applications or if your customer has chosen a conveyancer that is not on our panel we will each be separately represented.
To select this option – simply complete the relevant sections of the application form and tell us who the conveyancer is that your customer has chosen and instruct them accordingly. Please confirm the member of the Preferred Conveyancer Panel that your customer has chosen to represent Precise Mortgages.
England and Wales | |||
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Blacks Solicitors LLP | 0113 207 0000 | www.lawblacks.com | City Point, 29 King Street, Leeds, LS1 2HL |
BTMK Solicitors Ltd | 0170 234 6677 | www.btmk.co.uk | 100 Alexandra Road, Southend on Sea, Essex SS1 1HQ |
Fieldfisher | 0161 835 8010 | www.fieldfisher.com | 5th Floor Free Trade Exchange, 37 Peter Street, Manchester, M2 5GB |
Goldsmith Williams-Gwlegal | 0345 373 3737 | gw.legal | 4th Floor, 20 Chapel Street, Liverpool, L3 9GW |
Gordons Property Lawyers | 0162 830 8380 | www.gplawyers.co.uk | SC House, Vanwall Road, Maidenhead, Berkshire, SL6 4UB |
JMW | 0345 872 6666 | www.jmw.co.uk | 1 Byrom Place, Manchester, M3 3HG |
Lightfoots | 0184 421 2305 | www.lightfoots.co.uk | 1-3 High Street, Thame, OX9 2BX |
TLT LLP | 0333 006 0700 | www.tlt.com | 3 Hardman Square, Manchester, M3 3EB |
Scotland | |||
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Aberdein Considine | 0333 006 6113 | www.acandco.com | 7 - 9 Bon Accord Crescent, Aberdeen, AB11 6DN |
McVey & Murricane Solicitors | 0141 333 9688 | www.mmilegal.com | Albert Chambers, 13 Bath Street, Glasgow, G2 1HY |
Important information
The borrower will be responsible for paying all the conveyancers fees, costs and disbursements including the fees of the conveyancer acting for us in connection with the Bridging Finance.
The borrower should obtain a detailed quotation from both the conveyancer acting for them, and any conveyancer acting for us if we instruct a different firm to act for us.