Alan Cleary, managing director at Precise, says: “We will be launching a number of improvements to our bridging products this quarter which will make our proposition even more attractive to mortgage brokers and borrowers.
“Not only are we making our product range broader but we are also making it easier and quicker to complete deals with us and we will continue to innovate where it makes sense to do so.”
Danny Waters, chief executive officer of Enterprise Finance, says there is space for another lender in the regulated sector of the bridging market.
He says: “This is also a very positive sign that Precise has more improvements to come.”
Precise announced its plans to offer regulated bridging loans alongside its existing range of unregulated bridging products last month.