Precise Mortgages has unveiled a ‘fast track’ process for its unregulated bridging and light refurbishment product range.

The lender says it will now normally only require a completed application form from the broker subject to its own checks, and a satisfactory valuation, for cases with a gross LTV of 50%.

Precise Mortgages recently increased its procuration fees for brokers by 25%.

Alan Cleary , managing director of Precise Mortgages, said: “We are well known for constantly aiming to improve service and this move means that for low risk cases there is less paperwork and improved turnaround times.”””