Precise Mortgages has launched a new bridging finance with improved LTVs and increased maximum loan sizes.
The lender has increased LTVs to 65% and maximum loan sizes to £1 million across both regulated and non-regulated applications.
The range also includes other features, including a choice of standard and light refurbishment products; an expanded variety of property types that will be accepted, such as HMOs and new builds, and rates from 0.49% per month.
Adrian Moloney (pictured), OneSavings Bank’s group sales director, said: “In the current climate it’s essential that brokers can continue to help as many of their customers as possible.
“Our bigger and better bridging finance range, which is backed up by quick decisions, joint legal representation and dedicated underwriter support, offers innovative short-term finance solutions for customers who need to secure a deal on a fast turnaround.”