You are here: cherry > Press releases for May 2011 > Precise Mortgages launches short term lending products

23 May 2011

Precise Mortgages, the specialist intermediary lender has today launched its Short Term Lending proposition. There are three products available at launch, the first is a Standard Bridging product which is designed for customers who require funds in a short timescale; typically associated with purchases of property at auction or a deal that carries a discount if a quick completion takes place. The next two are a Light and a Heavy Refurbishment product designed for use by property developers. None of the products are available for residential purposes. Product highlights are: No maximum loan size Lending in England and Wales with no regional restrictions Ability to lend greater than 100% of purchase price (subject to additional security) No exit fees Market leading rates First Class service with quick decisions and funds release Lending to individuals, LLPs and Limited Companies Alan Cleary, managing director of Precise Mortgages says, "Service is a key deliverable in this market, if a customer needs funds within a certain timescale the lender needs to deliver. We have a substantial team of people in place who know what they are doing and I am certain that our service delivery will be as promised." For further details visit www.precisemortgages.co.uk

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