New simpler refurb range.
What's New
- LTV now up to 95%
- Max loans up to £5m
- Product fees can be added to the loan
- Stress rates reduced to 1.25% on 2 and 3-year fixed
What's New
- Rates down on all buy to let products
- Rates on limited editions for non-portfolio landlords now from 3.59% on 2-year fixed
- Rates from 4.14% on 2-year fixed non-HMO (single dwelling properties)
- New limited edition LTV ranges - 65% and 75% LTV for loans £125,000-£325,000
What's New
- Standard rates from 5.64%
- EPC C+ refurbishment rates from 5.44%
What's New
- Tier 1 and Tier 2 products combined into a single refurbishment range
- Lower rates for heavier refurb deals based on the current value of the property
- Rates from 0.65%pm
- No ERC and min 1 month interest
- No max loan amount
What's New
- Rates reduced by up to 0.45%
- 2-year fixed now from 4.74%
- 5-year fixed now from 5.54%
- Variety of product fee options £0, 1% and 3% available
- Products available for limited company, personal ownership and HMOs
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.
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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.
England and Wales | |||
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Birketts LLP | 0160 323 2300 | www.birketts.co.uk | Kingfisher House, 1 Gilders Way, Norwich, NR3 1UB |
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 |
Gordons Property Lawyers | 0162 830 8380 | www.gplawyers.co.uk | SC House, Vanwall Road, Maidenhead, Berkshire, SL6 4UB |
Harold Benjamin | 020 8422 5678 | www.haroldbenjamin.com | Hygeia Building, 66-68 College Road, Harrow, HA1 1BE |
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 |
Paris Smith LLP | 0238 048 2482 | www.parissmith.co.uk | 1 London Road, Southampton, SO15 2AE |
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.
England and Wales | |||
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Birketts LLP | 0160 323 2300 | www.birketts.co.uk | Kingfisher House, 1 Gilders Way, Norwich, NR3 1UB |
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 | 0330 460 7000 | www.fieldfisher.com | 17th Floor, No 1 Spinningfields, 1 Hardman Square, Manchester, M3 3EB |
Gordons Property Lawyers | 0162 830 8380 | www.gplawyers.co.uk | SC House, Vanwall Road, Maidenhead, Berkshire, SL6 4UB |
Harold Benjamin | 020 8422 5678 | www.haroldbenjamin.com | Hygeia Building, 66-68 College Road, Harrow, HA1 1BE |
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.