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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 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).

Already Placed a Case?

You can now track your case progress via our Precise App! Download it from the Apple or Google Play store today to see real-time case updates.

When completing Bridging Finance, both Precise 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 and they will also act for your customer.

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.

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.

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.

How to access the VAS portal

If you already have login details, simply use them to access the portal. Haven't registered yet? Just send an email to [email protected] to get started.

VAS portal key information and faqs

You’ll have access to the latest updates to ensure that you’ve got the information you need to share back with your customers. You’ll also receive email updates including:

• Confirmation that VAS have received the valuation quotation opportunity
• Fee quotes as soon as VAS have received them from the valuer
• A copy of the reminder sent to the customer if the valuation hasn't been paid within 24 hours of receiving the quote
• Confirmation email once VAS have instructed the valuation firm after payment is received from the customer
• Confirmation of inspection date once the valuer has booked this in
• Link to the valuation report once completed

VAS Portal dashboard

The VAS Portal dashboard is intuitive, but you'll need to provide accurate data at the point of quotation and instruction, as incorrect information may lead to delays and/or additional costs.

Following the DIP, you'll need to request a quote from VAS. To ensure you're correctly instructing, the front page will ask for the type of report. 

In all cases, please request a “full valuation” and either single or multiple properties. We will not accept any other form of report. The property sector and property type will always reflect the end use for the subject property if it's a conversion.

Once you've entered the address, you'll need to complete the form. Please ensure you have all the required information at this point, including the estimated current value, together with a costed schedule of works, which can be attached.

Once completed, VAS may ask whether you require a short form or long form report. We will only accept long form, so please ensure the correct option is selected.

FAQs