Brightstar Financial’s latest ‘Lender Day’ with Precise Mortgages resulted with nearly £5 million of potential bridging deals agreed, the two parties have stated.

The events, which take place at Brightstar’s Brentwood offices, are targeted at introducers who want to discuss enquiries and cases directly with underwriters and personnel from Precise Mortgages.

Kit Thompson, director at Brightstar Financial, said the events are becoming a regular feature of the firm’s service to the intermediary community.

He said: “We thought the idea of a day dedicated to one lender would help brokers to get closer to decision makers and for lenders to better understand the issues faced by intermediaries. Our experience of now having run three of these events is that brokers and lenders really enjoy the experience. Having a lender here in our offices for a day fosters great relationships.

“Precise Mortgages’ people have been brilliant and I know that we fielded a lot of enquiries and generated over £4.8 million of in principle bridging business. We shall be definitely running more Lender Days this year.”

Gareth Lewis, head of sales at Precise Mortgages, added: “This proved to be a really good day for us. What an effective way of increasing understanding between us, as a lender, and the intermediary sector to which we are dedicated.

“A lot of good enquiries came out of this along with the strong sense of developing a shared commitment with Brightstar to further improving our service to meet the needs of introducers.”