Precise Mortgages has upgraded its AVM (automated valuation model) policy to assist mortgage advisers in speeding up their bridging caseloads.
The specialist lender, part of the OSB Group, says the AVMs will replace select physical valuations, helping to simplify applications from offer to formal completion, freeing up brokers valuable time.
The upgrade is available on products up to 75% LTV, up to a value of £1.5m, with AVMs also now permitted for light refurbishment.
The new bridging range launched in January 2025 and feature rates from 0.62% per month with no maximum loan size, no exit fee and no early repayment charges.
Precise head of bridging Alan Kimber says: “With chain breaks still being the most common use for bridging in 2024 according to the latest Bridging Trends data, closely followed by investment purchases, our service enhancements certainly align with the market demands for swift and agile solutions.”
