Precise bridges gap to help fund new-build buy

16 October 2025

Bridging finance is often used for chain breaks and auction purchases, but did you know that it could also be used to secure a new build property while selling your current property?

Specialist lender Precise, part of OSB Group, recently supported a broker with a residential customer looking to secure bridging finance to give them time to sell their current property while construction finalised on their new build. The finance was secured against their existing residential property with the exit coming from the proceeds of the sale.

The case took advantage of upgraded policy changes around AVMs, which were introduced earlier in the year to help brokers speed up their bridging caseloads and free up more of their valuable time. The case also used dual legal representation which positively impacted delivery with application to formal offer in only three days.

Alan Kimber, Head of Bridging, Precise said

“Ross Williams and our dedicated bridging team worked closely with Sam O’Neill at KIS Bridging Loans to bring this bridge to completion. The customer needed a speedy solution as the developer required a quick completion. Utilising process changes made earlier this year helped us to provide the solution in a tight timeframe whilst also ensuring the customer had adequate time in order to exit.”

Sam O’Neill, Senior Bridging Consultant, KIS Bridging Loans said

“When a client tells you they need money in five working days and it’s a hard deadline, some people would jump for a lender who is heavier on price but offer speed in return. However, as a broker, you have a duty of care to your client and an obligation to get the very best option which considers both price and speed. Precise offered an AVM on this deal with joint legal representation and with the client fully engaged, the deal was funded with time to spare."