The launch follows the entry of Precise into the bridging market last year.
Alan Cleary, managing director of Precise Mortgages, said: “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, added: “This looks like a smart move by Precise Mortgages as there is space for another lender in the regulated part of the bridging market and it is also a very positive sign that they have more improvements to come.”
