Brightstar distributes new bridging tranche

Published on

Brightstar Financial

Precise Mortgages is lending an extra £5 million tranche of bridging funding through distributor Brightstar Financial.

Main features include:

Can be used for standard and light refurbishment
Rates at 1% per month
All LTVs available
Minimum loan from £250,000
Minimum term of three months
Free valuations on properties up to £600,000

Kit Thompson, Brightstar’s director of bridging and commercial, said the offering provides brokers an opportunity to refinance an existing bridge.

He said: “We are delighted to be asked to help in the distribution of this important new product. Not only is it well priced but also comes as a welcome shot in the arm for brokers.

“The product is particularly versatile, which will be welcome news as we know brokers will have clients who will be anxious about their existing short term funding.”

Roger Morris, sales director of Precise Mortgages, added: “We always aim to provide what the market needs and Brightstar Financial is well placed to help these funds reach the market quickly and efficiently.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Other news

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...