Precise mortgages bridging loans are ideal for customers who need to access funds quickly, are buying a property at auction or expanding their portfolio.
Key points
- Maximum LTV 75% for regulated and non-regulated tier 1 refurbishment and standard bridging finance
- Maximum LTV 70% for regulated and non-regulated tier 2 refurbishment
- AVMs available up to 60% LTV, and with no fee
- No maximum loan amount
- Significant expansion of acceptable tier 1 refurbishment criteria
- Works under selected Permitted Development Rights considered on refurbishment buy to let
Bridging Product Features
- Available for regulated and non-regulated bridging
- Available up to 75% LTV (including retained interest)
- Available in England, Wales and Scotland
- Limited company applications accepted
- Additional securities accepted
- Standard bridging and Tier 1 refurbishment (regulated and non-regulated) from 0.79% pm
- Tier 2 refurbishment (regulated and non-regulated) from 0.84%
- Facility Fee: 2.00%
- Regulated Bridging Term: 12 Months
- Non-Regulated Bridging term: Minimum 12 months (Max 18 months)
- Minimum loan size: £50,000
- Minimum property value: £75k (£100k London)
- No exit fee
- No early repayment charges (a minimum of 1 month’s interest must be paid).
To discuss Precise Mortgages call our Bridging and Commercial team on 01403 272625 or email us at sales.team@impactsf.co.uk
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