Precise Mortgages is a trading name of Charter Court Financial Services Limited, part of the OSB Group. Established in 2010, it operates as a specialist lender offering bridging loans exclusively through the broker channel.
Its key competitive position is rate: from 0.57%/month for standard and light-refurbishment bridging up to 75% LTV with a fee-free AVM.
That rate, combined with no exit fees and dual legal representation, makes Precise the right first call if you want to minimise the total cost of a short-term bridge.
Precise Mortgages Bridging Finance at a Glance
Our Verdict
Precise Mortgages is the right first stop for a standard investment or residential bridge where rate is the priority. The 0.57%/month starting rate is among the lowest available in the market, and the fee-free AVM removes a significant upfront cost for standard residential properties.
The adverse credit cascade (up to 5 defaults and 3 CCJs in 24 months) means Precise is more accessible than the headline rate might suggest, but there are thresholds, and severe adverse credit will still be declined.
For refurbishment investors needing leverage above 75%, Shawbrook extends to 85%. For severe adverse credit, MT Finance has no credit thresholds.
Best For
Clean or lightly adverse credit borrowers who want the lowest bridging rate in 2026. Investors using fee-free AVM eligibility (standard residential up to 75% LTV) to avoid survey delays and costs. Borrowers who need regulated bridging for a chain break or residential purchase.
Not Ideal For
Borrowers with adverse credit beyond Precise’s cascade thresholds (more than 5 defaults or 3 CCJs in 24 months). Refurbishment investors needing leverage above 75% LTV. Loans above £2.5m where LTV caps at 65%.
Key Facts
| Feature | Detail |
|---|---|
| Headline rate | From 0.57%/month (standard bridging, up to 75% LTV with AVM) |
| Alternative rate tier | From 0.79%/month (up to 70% LTV) |
| Maximum LTV (standard) | 75% (loans up to £2.5m) |
| Maximum LTV (large loans) | 65% (loans above £2.5m) |
| Heavy refurbishment LTV | 70% (current market value) |
| Second charge LTV | 70% (inclusive of first charge) |
| Minimum loan | £50,000 |
| Maximum loan | No maximum |
| Regulated term | Up to 12 months |
| Unregulated term | Up to 18 months |
| Assessment fee | £145 (deductible from loan at completion) |
| Exit fee | None |
| AVM | Fee-free up to 75% LTV |
| Legal | Dual legal representation available |
| FCA regulated | Yes (FRN 494549 – Charter Court Financial Services) |
| Trustpilot | 4.0/5 (4,041 reviews, May 2026) |
What Is Precise Mortgages Bridging Finance?
How Precise Mortgages Bridging Loans Work
Precise Mortgages provides short-term secured loans against UK residential and commercial property. You draw down the loan and repay in full at your exit event, via property sale, refinance onto a long-term mortgage, or a dedicated developer exit.
The case for Precise rests on cost. The 0.57%/month starting rate is competitive against the market average of 0.84%. The fee-free AVM removes the surveyor cost on qualifying standard residential cases up to 75% LTV.
Dual legal representation allows a single solicitor to act for both borrower and lender, reducing legal spend.
In January 2025, Precise cut rates by 0.07% and launched the developer exit product, adding flexibility for property developers who have reached practical completion on a build.
Regulated vs Unregulated Bridging
Regulated bridging applies where you or a close family member intend to occupy the security property. Precise offers regulated bridging up to 12 months; your broker must submit on an advised basis.
Unregulated bridging covers investment properties, commercial assets, HMOs, and development scenarios. If your transaction is for investment purposes, Precise offers up to 18 months.
Precise Mortgages (Charter Court Financial Services Limited) is authorised by the PRA and regulated by both the FCA and PRA (FRN 494549).
This dual regulatory oversight means Precise is subject to rigorous capital, liquidity, and conduct requirements. Regulated borrowers have access to the Financial Ombudsman Service.
Main Loan Options
| Product | Purpose | Max LTV | Max term |
|---|---|---|---|
| Standard bridging | Purchase, refinance, or equity release | 75% | 18 months (unregulated) / 12 months (regulated) |
| Light refurbishment | Purchase plus cosmetic/minor structural works | 75% | 18 months |
| Heavy refurbishment | Significant structural modification or conversion | 70% | 18 months |
| Developer exit | Refinance development finance at practical completion | 75% | 18 months |
Precise Mortgages Bridging Loan Rates and Costs
Monthly Rates and Total Cost of Borrowing
0.57% is the lowest published standard bridging rate in the mainstream market.
The fee-free AVM saves you £500–£800 on a £300,000 loan.
That’s the real cost difference between Precise and the next-cheapest lender.
Precise Mortgages publishes two headline rate tiers for bridging (verified May 2026):
| Product | LTV band | Rate | Notes |
|---|---|---|---|
| Standard bridging / light refurb | Up to 75% LTV | 0.57%/month | Fee-free AVM available |
| Standard bridging (alternative tier) | Up to 70% LTV | 0.79%/month | Different product tier |
Worked example for a representative investment bridge:
| Scenario | Loan | Rate | Term | Interest | Assessment fee | Exit fee | Total repayable |
|---|---|---|---|---|---|---|---|
| Investment purchase, 70% LTV | £300,000 | 0.57%/month | 9 months | £15,390 | £145 | £0 | £315,535 |
Legal costs are additional but dual legal representation keeps these lower than the market norm. Budget £1,500–£3,000 for dual legal on a loan of this size. Fee-free AVM removes the surveyor cost on qualifying cases.
Rolled-Up vs Serviced Interest
Precise Mortgages offers retained interest as its standard bridging structure: the interest is calculated upfront and deducted from the loan advance at drawdown. No monthly payments are required during the bridge term.
The effective loan advance is reduced by the retained interest amount, so a £300,000 bridge over 9 months at 0.57% results in a £15,390 interest retention deducted at drawdown. You receive £284,610 on day one and repay £300,000 at your exit date.
Confirm the exact interest structure with your broker at DIP stage, as product variants may differ.
Fees and Charges
| Fee | Amount | Notes |
|---|---|---|
| Assessment fee | £145 | Deductible from loan at completion |
| Exit fee | None | No ERCs on any Precise bridging product |
| Minimum interest | 1 month | Even if redeemed within 30 days |
| Redemption admin fee | £40 (may apply) | Small admin charge on redemption |
| Valuation (AVM) | Free | Standard residential to 75% LTV |
| Valuation (physical) | Borrower pays | Required where AVM not applicable |
| Legal costs | Borrower pays | Dual legal available to reduce costs |
| Broker procuration fee | 1.25% gross | Paid by Precise to introducing broker |
What Affects Your Rate
The primary rate driver for Precise is LTV. If your deal qualifies for the headline tier, standard bridging or light refurbishment up to 75% LTV with fee-free AVM, your rate is 0.57%/month. The 0.79% alternative tier applies up to 70% LTV.
Loans above £2.5m are capped at 65% LTV and may be priced differently. Heavy refurbishment is capped at 70% LTV.
If your adverse credit sits within Precise’s cascade thresholds, it does not necessarily affect your rate, eligibility is the primary filter rather than a rate premium for credit quality.
When you submit your application and it falls within the fee-free AVM tier, your rate locks at 0.57% and your survey cost drops to zero. That combination is hard to beat in the mainstream bridging market.
Precise Mortgages Bridging Loan Eligibility
Who Can Apply
Precise Mortgages accepts applications from individuals aged 21–85 at end of term (up to 4 applicants) and limited companies (up to 4 guarantors). If you are applying as a company, your company must meet Precise’s unregulated lending criteria.
SPV, LLP, and foreign national eligibility is not explicitly published, confirm with your broker via a DIP before committing.
Property Types, LTV and Adverse Credit
Acceptable property types: standard residential, HMOs (up to 20 bedrooms or small conversions up to 6 lettable rooms), commercial-to-residential conversions, and new builds.
Developer exit is available for properties at practical completion. If your property falls outside these types, confirm with your broker before applying.
Adverse credit cascade:
| Adverse credit type | Precise’s threshold |
|---|---|
| Defaults | Up to 5 in the last 24 months |
| CCJs (County Court Judgments) | Up to 3 in the last 24 months |
| Secured arrears | Up to 3 in 36 months (max 1 in last 12 months) |
| Debt Management Plans (DMPs) | Satisfied for over 36 months considered up to high LTV |
| Discharged bankruptcy | Policy not published [HUMAN CONFIRMATION NEEDED] |
Security Requirements
Precise requires a first or second charge over UK property. If your property qualifies for fee-free AVM, standard residential up to 75% LTV, no physical survey is needed.
Where an AVM is not applicable, non-standard property, heavy refurbishment, or above 75% LTV, a physical RICS valuation is required at your cost.
Dual legal representation is available in England and Wales: one solicitor acts for both borrower and lender, reducing the total legal bill compared to separate representation.
Second charge bridging is available up to 70% LTV inclusive of the first charge.
Precise Mortgages Bridging Loan Application Process
How to Apply for a Precise Mortgages Bridging Loan
Precise Mortgages is broker-only. All applications must be submitted through an authorised mortgage broker or financial adviser. You cannot apply directly. Direct applications from borrowers are not accepted.
Your broker accesses Precise via the dedicated Intermediary Portal. For regulated bridging, your broker must confirm the product is suitable for your circumstances before submitting on an advised basis.
Broker-only. You cannot apply directly to Precise.
When you apply via a regulated broker, your application must be submitted on an advised basis. That means your broker confirms the product suits your circumstances before submitting.
Valuation, Legal Work and Documents Needed
For fee-free AVM cases (standard residential up to 75% LTV), no physical survey is required. The AVM is completed automatically and does not add to the application timeline or the borrower’s cost.
Where a physical valuation is required, Precise reports that 77% of physical valuations complete within 10 working days.
Documents required include: your proof of identity and address, title documents for the security property, evidence of your exit strategy (mortgage in principle, sale agreement, or development documentation), and company documents if you are applying through a limited company.
Dual legal representation: instruct a solicitor from Precise’s approved panel to act for both you and the lender simultaneously.
Decision and Completion Times
Precise issues an Agreement in Principle (AIP) within 4 hours of broker submission.
AIP within 4 hours. Most specialist lenders take a full working day.
When you apply on Thursday morning and your auction completes the following week, Precise’s AIP timeline gives your broker enough runway to chase the formal offer and instruct your solicitor in the same window.
Initial underwriting and document assessment takes up to 24 hours (or 2 working days on average). The average time from full application to formal offer is 20 working days, though AVM cases are faster.
For time-sensitive cases such as auction purchases, use fee-free AVM eligibility (if applicable) and dual legal to compress your timeline. Confirm your required completion date with your broker at first contact.
If your AVM is eligible, standard residential to 75% LTV, your broker receives the formal offer within days of the DIP.
If the offer arrives on a Friday and your auction completion is the following Wednesday, that window is tight but achievable on AVM cases. Instruct your solicitor before the AIP lands.
Exit Strategy and Risk
Acceptable Exit Routes
| Exit route | Notes |
|---|---|
| Open market sale | Standard exit for investment purchases and flips |
| Refinance onto residential mortgage | Regulated chain-break exit; mortgage in principle required |
| Refinance onto BTL mortgage | Standard investment exit; evidence of mortgage in principle |
| Developer exit | Dedicated product for developers at practical completion; evidence of sales or exchange |
Open vs Closed Bridge
Precise does not explicitly market separate open and closed bridge products, but the standard bridging structure accommodates both scenarios up to the maximum term (12 months regulated / 18 months unregulated).
A closed bridge has a confirmed exit in place before you draw down, contracts exchanged on a sale, or a mortgage offer from your receiving lender. Risk is lower and your exit timeline is defined.
An open bridge has a plausible but unconfirmed exit. Precise’s underwriters assess the credibility of your exit strategy when evaluating open bridge applications.
What Happens If the Exit Is Delayed
If your exit is delayed, contact your broker and Precise early. Raising the issue before your term expires gives your broker time to negotiate an extension on your behalf. Extensions are not guaranteed.
When the sale of your investment property takes 3 months longer than planned, Precise has no exit fees, so redeeming your bridge early or extending the term does not trigger a penalty.
The interest continues to accrue, but there is no fee on top. No exit fee. That matters when your sale timeline slips.
Because Precise uses retained interest (deducted at drawdown), a loan extension beyond your original term will require additional interest to be paid. Your extension cost will depend on the agreed rate.
Precise’s minimum one-month interest policy applies even if you redeem early, factor this into your total cost calculation.
If the exit fails and enforcement becomes necessary, Precise can enforce against the security property. At 75% LTV there is meaningful equity headroom in most scenarios.
Precise Mortgages Bridging Loan Customer Reviews
What Customers Like
We checked Precise Mortgages’s Trustpilot score as at May 2026: 4.0/5 from 4,041 reviews, a much larger volume than specialist-only lenders like Octane Capital (150 reviews) or MT Finance (112 reviews), reflecting Precise’s broader product range including BTL mortgages.
Customers frequently cite efficiency and speed of the underwriting process, flexibility on complex cases, and the practical benefit of fee-free AVM in compressing the application timeline.
Common Complaints
The 4.0/5 score is lower than Shawbrook (4.5/5) or Octane Capital (4.7/5). At 4,041 reviews, the rating reflects a broader customer base including BTL mortgage customers, not solely bridging borrowers.
Where negative reviews exist, they tend to relate to communication during processing and documentation requirements for complex cases, which are characteristic of specialist lending rather than specific to Precise.
Precise Mortgages Support and Regulation
Customer Support
Precise Mortgages is a broker-only lender. Your broker accesses Precise through the dedicated Intermediary Portal and packager network. You cannot approach Precise directly as a borrower.
During the application process, your broker is your main point of contact. You do not deal with Precise directly during underwriting.
Regulatory Status and Complaints
Precise Mortgages is a trading name of Charter Court Financial Services Limited, which is authorised by the PRA and regulated by the FCA and PRA (FRN 494549). The entity has dual regulatory oversight under both the FCA’s conduct rules and the PRA’s prudential standards.
If your loan is regulated, you have access to the Financial Ombudsman Service (FOS) for unresolved complaints.
On a regulated Precise bridge, you are protected by Consumer Duty: the lender must confirm your total costs are proportionate to what you receive. In practice, this means a documented Fair Value Assessment before your offer is issued.
Precise is not FSCS-covered for bridging loans, the FSCS protects depositors, not borrowers. Your deposit savings in an OSB Group account are separate and protected; your bridging loan is not.
Precise Mortgages vs Alternatives
Precise vs Shawbrook Bank
We verified that Precise offers a lower starting rate than Shawbrook (0.57% vs 0.79%), making it cheaper for most standard and light-refurbishment bridges.
Shawbrook’s advantage is higher maximum LTV: up to 85% for residential refurbishment with 100% of works costs funded on day one. If your project needs that leverage, Shawbrook’s rate premium (0.22%/month) may be worth paying for your specific deal.
Precise also has no maximum loan size, while Shawbrook caps at £25,000,000. For very large loans, we recommend confirming with your broker which offers better economics on your specific deal.
Precise vs Together
Together’s bridging rates start from 0.83%/month, materially more expensive than Precise’s 0.57%. For comparable LTV (both up to 75%), Precise is cheaper.
Together’s advantage is flexibility on adverse credit. Where Precise has defined cascade thresholds (5 defaults, 3 CCJs in 24 months), Together underwrites on the individual case and may accept your application if Precise declines. Together also starts from a £26,000 minimum loan.
We recommend starting with Precise. If Precise declines on adverse credit, Together is the natural next step.
Final Verdict: Is Precise Mortgages Bridging Finance Worth It?
We rate Precise Mortgages as the right first choice for most standard and light-refurbishment bridging cases. If you are looking for the lowest rate in the market, the 0.57%/month start point is hard to beat. We found no mainstream lender that beats it on a clean standard bridge.
The fee-free AVM removes a significant cost on qualifying cases, and dual legal representation keeps your total bridge cost under control.
The cascade has a hard edge, though. Clear the published threshold and a lightly adverse profile still qualifies; go over it and you don’t.
Two situations where Precise is not the right call for you: if you need above 75% LTV for a refurbishment (Shawbrook goes to 85%), or if your adverse credit profile exceeds Precise’s published thresholds (Together or MT Finance are your escalation path).
For everything else, the rate arithmetic is compelling. We calculated that on a £300,000 9-month bridge, Precise at 0.57% saves £6,750 in interest vs Shawbrook at 0.79%. That is a meaningful saving for a straightforward investment purchase.
Frequently Asked Questions
What is the minimum bridging loan from Precise Mortgages?
The minimum bridging loan from Precise Mortgages is £50,000. Precise does not publish a maximum loan limit, very large loans are assessed on a case-by-case basis subject to LTV limits.
Does Precise Mortgages offer regulated bridging?
Yes. If you or a close family member will occupy the security property, your loan will be regulated. Precise offers regulated bridging up to 12 months; your application must be submitted on an advised basis through an authorised broker. Unregulated bridging is available up to 18 months.
What is the maximum LTV for Precise Mortgages bridging?
The standard maximum LTV is 75% for loans up to £2.5m. For loans above £2.5m, the maximum is 65%. Heavy refurbishment is capped at 70% of current market value. Second charge bridging is available up to 70% inclusive of the first charge.
Does Precise Mortgages use a fee-free AVM?
Yes. Precise offers fee-free Automated Valuation Models (AVMs) on qualifying standard residential bridging applications up to 75% LTV. This eliminates the surveyor fee and speeds up the timeline. Where an AVM is not applicable, a physical RICS valuation is required at the borrower’s cost.
Will Precise Mortgages consider adverse credit?
Yes, within thresholds. If your credit history includes up to 5 defaults in the last 24 months, up to 3 CCJs, and no more than 3 secured arrears in 36 months, your application may be accepted. If your profile falls outside these thresholds, your broker should approach Together or MT Finance.
Does Precise charge an exit fee?
No. Precise Mortgages does not charge you exit fees or early repayment charges on any bridging product. However, a minimum of one month’s interest is payable even if you redeem within the first 30 days. A £40 redemption administration fee may also apply.
Methodology and Disclosure
How we reviewed Precise Mortgages Bridging Loans
What we assessed. We evaluated Precise Mortgages bridging loans on rates, LTV, fees, AVM and legal cost savings, adverse credit policy, application process, completion times, and customer reviews.
We focused particularly on the 0.57%/month headline rate, the fee-free AVM benefit, the adverse credit cascade thresholds, and how Precise compares to Shawbrook, Together, and Octane Capital.
Data sources. We verified rates and product terms from precisemortgages.co.uk and the Precise Mortgages intermediary product guide, confirmed January 2025 rate reductions via financialreporter.co.uk, and reviewed FCA register data (FRN 494549) as of May 2026.
We checked Trustpilot (4.0/5, 4,041 reviews) as at May 2026. Adverse credit thresholds verified from intermediary packaging data. AVM eligibility confirmed from Precise’s published bridging criteria.
Update cadence. We re-verify rates and eligibility on this page at least quarterly. We have no affiliate relationship with Precise Mortgages that affects our editorial assessment. See our editorial policy.