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Precise Mortgages

No faff, no fuss.

BridgingFCA regulated

Max LTV

Product dependent

Interest from

Product dependent

Loan size

Product dependent

Term

Product dependent

Charges

1st and 2nd

Areas

England and Wales

Who they are

We’re Precise: mortgage experts with a no-frills approach to lending. When it comes to bridging, we really know our stuff – our specialist finance sales team are skilled in both regulated and unregulated bridging finance. There’s also a Precise app to help brokers save time and stay in the know while out and about. Features include real-time case updates, customisable push notifications and on-the-go calculators. Plus, as part of OSB Group, our sales team can discuss solutions from InterBay, for commercial and semi-commercial lending.

Their ethos

We believe lending doesn’t need to be complicated, so our approach is simple: we provide the products your customer needs, when you need them. We’re proud to work exclusively with intermediaries and have designed our products and criteria with brokers in mind, alongside support from our experts and a best-in-class level of service. We’re aware of our responsibilities as a specialist lender and the positive impact we can make on society through our activities. As such, responding to the challenges and opportunities that ESG matters present has now become an integral part of OSB Group’s strategy.

What they specialise in

We specialise in residential mortgages and bridging. Our criteria are renowned for being clear-cut and straightforward, which means that you can find answers and compare information quickly and easily. No faff, no fuss!

Contact

Precise Mortgages, 2 Charter Court, PO Box 6037, Wolverhampton, WV1 9QW

www.precisemortgages.co.uk/intermediaries

enquiries@precisemortgages.co.uk

Lending criteria

Funding model
Retail deposits
FCA regulated
Yes
Fixed/variable interest
Refer to website
Treatment of interest & default interest
Refer to website
Sectors
Bridging and residential
Max LTGDV
Product type dependent – refer to website
Max LTC
Product type dependent – refer to website
Min property value
Product type dependent – refer to website
Valuation retypes
Yes, subject to referral
Rental calculations & exposure
Product/applicant specific – refer to website
Types of valuation accepted
AVM, short form and long form
New builds
Yes
Heavy refurb
Yes
Grade listed buildings
Yes: Grade II England and Wales; Grade C Scotland
Green/sustainable product
No
Planning permission needed
Product type dependent – refer to website
Commission rate
Speak to your BDM
Associations/charters
UK Finance, IMLA, AMI, FLA, NACFB, FIBA and the Financial Services Forum
Types of landlords accepted
Refer to website
Upfront fees
Only upfront fee is the valuation fee – refer to website
Broker portal
Yes for 1st charge lending, no for bridging
Early redemption charges
Product type dependent – refer to website
Investment
Yes
Owner occupied
Yes
Electronic signatures accepted
Yes
Lending on land
No

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All news

Lender information courtesy of The Lender Index by Bridging & Commercial.

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