If you are buying a property in need of renovation and want to sell or refinance it shortly after completion this new range of 0% facility fee bridging loans could be a good cost effective answer.
Arrangement fee reduced to 0% (previously 2%)
Rates starting from 1.00% per month
Available up to 75% LTV
The lender has also streamlined the process, and reduced the list of documents they typically require, which results in quicker processing times.
As always, Precise bridging do not charge any exit fees or early repayment charges. The funding lines mean that there is no maximum loan size.
If you would like to find out more about Precise Mortgages and their appetite for bridging finance, please get in touch with the bridging team on 0207 206 2500 or email email@example.com