BuildLoan and Precise deliver £1.2m bridging deal in 11 days

25 August 2026

A commitment to great customer outcomes helped BuildLoan and specialist finance provider Precise complete a £1.2m bridging loan in just 11 working days, helping the borrower to refinance a development project and avoid penalty fees.

The bridge was required to repay an existing development loan that was shortly due to expire.

In addition to refinancing the debt, further funding was also required to complete the final stages of the development, with a planned exit via sale once the works were completed.

Initially, the broker looked into whether a traditional remortgage could be secured for the client, but when the client was turned down the broker submitted the application to BuildLoan to see if it could help, with just over two weeks to complete before the initial loan expiry.

Homebuilding finance specialist BuildLoan proposed a bridging deal in association with Precise, one of its partner lenders. The bridge allowed the client to repay the £1.2 million existing development loan and provide an extra £100,000 for building works already completed.

Thanks to the partnership between BuildLoan and Precise, and with the assistance of JMW Solicitors, the deal was able to move from application to offer within just seven working days and completed four working days later.

Patrick Robertson, Short-term Finance Specialist at BuildLoan commented:

“Through our expertise of dealing with building projects and complex bridging loans, together with our relationship with Precise and JMW Solicitors, we were able to provide a solution and complete the deal in a record eleven days.

“Within 24 hours, we were able confirm, in writing, the timescale we could work to. This gave the client and adviser the confidence to proceed knowing that we could get the deal over the line before their other loan expired.”

For Precise, a key factor in delivering the transaction at pace was the use of title insurance alongside a joint representation legal structure. This helped to streamline the legal process and accelerate completion.

Alan Kimber, Head of Bridging at Precise said:

“Where timelines are tight, it is essential to work with a lender that has individual underwriting and really understands the speed necessary for a bridging case of this kind. Our close partnership with BuildLoan, together with its specialist finance expertise meant that we could put together a deal quickly and efficiently despite the client’s tight timescales.”

For more information about BuildLoan’s range of homebuilding finance solutions, please visit https://buildloan.co.uk/. For more information about Precise, please visit https://www.precisemortgages.co.uk/.