Precise Mortgages review 2026, bridging finance from £50,000 through intermediaries

What Precise Mortgages lends

The product guide, correct as of 21 August 2026, describes three first charge products, two second charge products and a developer exit range. Standard bridging carries no works. Light refurbishment takes in new kitchens and bathrooms, redecoration, extensions and HMO conversions, with the loan measured against the current market value of the property. Heavy refurbishment reaches structural work, loft and barn conversions, commercial conversions of up to 10 units, HMO conversions of up to 20 rooms and the division of a house into a maximum of 6 flats.

Every product starts at £50,000 and none carries a ceiling. Loans up to £2.5m go to 75% of value on standard and light refurbishment cases and to 70% on heavy refurbishment, with 65% applying above £2.5m. A second charge is measured together with the first charge and capped at 70%. On a purchase the advance can reach 90% of the price paid so long as the value limit holds, and where several properties secure one loan the guide reads the LTV across all of them. Retained interest for the full term is available on regulated and non-regulated cases alike, and a non-regulated borrower may service monthly instead.

Developer exit is written for residential schemes that have reached practical completion with every consent in place and a warranty or professional consultant's certificate. Schemes of 1 to 6 units go to 75% LTV, falling to 65% where the average unit is worth £750,000 or more, and schemes of 7 or more units go to 65%. The guide asks for an experienced developer, and a regulated developer exit loan runs on a retained interest basis.

The rest of the Precise range is specialist residential lending. On the intermediaries site the buy-to-let page directs new landlord cases to Rely, the OSB Group sister brand, while existing Precise buy-to-let borrowers keep their product switches. OSB's brands page describes Precise as serving customers underserved by mainstream lenders, and names the self-employed as one group it looks after.

Who Precise Mortgages lends to

An applicant is at least 21 at the start and no older than 85 when the term ends. Personal applications carry up to 4 borrowers, and a limited company application carries up to 4 guarantors; the guide states that non-regulated applications from limited companies are acceptable. Every regulated mortgage contract has to be submitted on an advised basis, which means a regulated bridge reaches Precise through an adviser who holds the permission to advise on it.

Security can be residential property or a commercial or semi-commercial building being converted to residential use. For standard bridging Precise aims to use an automated valuation where the price or value is £1.5m or under and the gross LTV is 75% or below, or 70% on a second charge, and it confirms at decision-in-principle stage whether the case qualifies. A physical valuation is instructed for heavy refurbishment, HMOs and multi-unit blocks, anything built or converted in the last 24 months, never-occupied homes, plots over two acres, flats, leases under 85 years and listed buildings. Refurbishment of an HMO with 7 to 10 lettable rooms, a commercial unit turning residential, or 2 or more units together calls for a valuation on its own terms.

The site footer states that Charter Court Financial Services Limited holds Financial Services Register number 494549 and is authorised by the Prudential Regulation Authority and regulated by the FCA and the PRA. That entry can be read at register.fca.org.uk. A bridging loan to a company on an investment property is not a regulated mortgage contract, and property-secured lending through us is for UK limited companies and LLPs.

How an application runs

Precise deals with intermediaries. Its about-us page describes an online portal for placing a case and tracking it, separate teams for residential, bridging and product transfers, and a registration route for a new broker firm. The bridging team sits behind its own phone line and inbox. A decision in principle comes first, and the guide says Precise will say at that stage whether an automated valuation can be used; where it cannot, the lender instructs a physical valuation itself in every instance.

Interest is retained for the whole term on a regulated loan, so the borrower pays nothing month by month and the exit clears the balance. A non-regulated borrower can choose the same or pay monthly. The minimum a borrower pays is 1 month of interest, whatever the term, which is the guide's own wording rather than ours. The exit on a developer exit loan is the sale of the finished units; on a refurbishment bridge it is usually a refinance once the works have lifted the value.

Through us the security, the schedule of works and the exit go to Precise and to the rest of the panel in a single pack, prepared by a named case handler. We arrange the loan; the lender reads the case and makes its own decision. Enquiring does not affect your credit score.

Precise Mortgages on our panel

At September 2026 our catalogue held 11 live Precise bridging products sized £50,000 through to £30m on terms of 1 month through to 18 months. The upper end of that size span reflects how products are recorded in our pull, since the lender itself prints no maximum, and the whole span describes the panel on that date rather than an offer to any borrower. Panel composition changes as products are added and withdrawn.

Across the panel at September 2026 we counted 35 lender brands with a live heavy refurbishment bridge, 22 writing second charge bridging, 26 using automated valuations and 52 lending on Welsh security. Precise's product guide places it in the first three. Those figures count brands holding at least one live product and say nothing about the lender's own criteria.