Two more networks have made Precise Mortgages their ‘preferred’ bridging lender.

This brings the total number to nine.

First Complete and Intrinsic have agreed to work with Precise Mortgages to help inform their appointed representatives and directly authorised brokers as to how best to use bridging finance for their customers.

“Borrowers who use bridging finance should have the right to expect a high level of transparency on fees and interest charges as well as general fair treatment,” said Alan Cleary, managing director of Precise Mortgages.

“Precise Mortgages has a principle to treat all types of lending secured on residential property in a manner consistent with the spirit of FSA regulation.”