Precise Mortgages – Bridging Lender nomination

As the bridging finance lender that brokers are most likely to recommend*, we pride ourselves on turning around cases quickly, efficiently and with as little fuss as possible, whatever the circumstances.

Despite the unprecedented situation the UK has faced this year, we’ve risen to the challenge, putting contingencies into place to ensure business continuity and no drop-off in service levels.

After a strong start to the year which saw us on track to surpass our annual targets following an increase in business, we had to adapt quickly to the challenges posed by COVID-19.

To enable us to adjust to the ‘new normal’, we immediately introduced measures to enable staff to work from home with no effect on the level of service brokers have come to know and expect from us.

Due to physical inspections being limited as a result of the pandemic, we also launched a set of products using AVMs for regulated and non-regulated standard bridging finance applications in England, Wales and Scotland up to 50% LTV.

As an example of how smooth our process has been, we recently turned around a case from application to completion in just three working days, despite the underwriter responsible for the case working remotely from home.

Wayne Gray, Managing Director at DMI Finance, said: “Precise Mortgages has supported investors with great short-term lending solutions, including their refurbishment buy to let proposition. Their ability to offer terms, coupled with an excellent online bridging calculator, is useful for the speedy solution that the customer requires”.

  • BVA BDRC Project Mercury Report Q3 2020