Bridge-to-Let Finance Secured with Precise for Guaranteed BTL Exit

Problem

Client wants to purchase property within his Ltd company for £83K. Property is lettable in its current state, but he wanted to carry out some works and then let it out.

Solution

Matt placed with Precise as they were able to do a bridge to let: bridging loan with 6 months to complete works and then the property valued once all works completed and then the bridge is flipped to a BTL mortgage. Using the bridge to let product reduces the lenders fees and valuation costs and you know in advance you have the takeout finance already pre-approved.