Precise Mortgages has introduced a new range of bridging products, up to 65 per cent loan to value.

The maximum loan range on the new products is £1m across both regulated and non-regulated applications and includes other features such as a choice of standard and light refurbishment.

The lender, part of OneSavings Bank will accept an expanded variety of property types, such as HMOs and new builds; rates from 0.49 per cent per month apply.

Crystal Specialist Finance managing director Jo Breeden welcomed the new products. He says: “This is a nod to the further confidence investors, brokers and lenders have in bridging as a viable solution for both the regulated and non-regulated market.”

OneSavings Bank group sales director Adrian Moloney says: “In the current climate it’s essential that brokers can continue to help as many of their customers as possible.

“Our bigger and better bridging finance range, which is backed up by quick decisions, joint legal representation and dedicated underwriter support, offers innovative short-term finance solutions for customers who need to secure a deal on a fast turnaround.”