The lender, which launched into the bridging market twelve months ago, has been campaigning for transparency and ultimately Financial Services Authority regulation of the residential bridging market, claims that brokers as well as mortgage distributors have reacted favourably to its products and messages.
Alan Cleary, managing director of Precise Mortgages, said: “We are happy with the take up of our bridging products and thank the brokers and distributors who have supported us; we always remember they have a choice and we strive to make our proposition market leading.”
Last year Precise hired Roger Morris formerly of Affirmative Finance and Gareth Lewis formerly of Cheval and Tiuta to boost its sales performance in the short-term sector.
