BRIDGING SUCCESS
Bridging Opportunities 2025
Intermediaries only.
BRIDGING WITH MOMENTUM.
Low rates. Dedicated team. Keep the ball rolling.
To find out more, call 0800 116 4385.
Intermediaries only.
BRIDGING SUCCESS WITH PRECISE
At Precise, we believe lending doesn’t need to be complicated, so our approach is simple. We provide the products our brokers need, when they need them.
In the current economic landscape, bridging has become a widely accepted solution. For something that may have been considered “more difficult”, expensive to repay and off-putting to many borrowers - bridging products are now more widely available, and savvy investors are looking to their brokers to know which lenders to turn to.
In fact, bridging loan books in the UK reached £10.3bn in Q4 2024, a record high, and applications increased by 28.6% on the previous quarter.*
Here’s how we could help you do more business:
֚ Heavy refurbishment up to 65% of GDV. We accept conversions of commercial properties into residential.
֚ Conversions. We accept residential conversions into an HMO of up to 10 bedrooms. Whether this falls under permitted development rights or planning permission is required.
Stage drawdowns. For customers who are extending their property or need finance to purchase the property and carry out works.
Development exit finance. For individual units or a large development of 100s of unitsthere are no limits on this product
Tier 1 finance maximum 6 units. Up to 75% LTV
Tier 2 finance 7 or more units up to 65% LTV
Finish and exit products. We do these too.
*https://thebdla.org/index.php/2025/02/26/bridging-loan-books-break-through-10bn/
Case examples
Expanded policy enables light refurb using AVM
֚ We recently completed a deal for a light refurb on a three-bed house. The property was already habitable, but works were needed to replace the bathroom and kitchen to add value to the security. It fitted our AVM policy for light refurb up to 75% LTV (which had been recently increased).
We got into legals within two days and the deal was fully completed in nine days.
Low cost financing, lending below market value
An investor purchased 10 new build flats to rent out. They received a 20% discount on the purchase price and financed each property at 75% of the open market value with our sister brand, InterBay.
The funds were to support the bulk buy of the 10 properties first and, as they were rented in batches of five, they refinanced each unit onto a term loan. We funded 90% of the purchase price at 75% of the open market value. Within six months a term loan was taken out with InterBay.
Speed is of the essence - £4m deal using the existing valuation completed in record time
Customer needed a £4m loan to support the business expansion and purchase of shares in an exclusive high-end fashion house. They wanted to secure against their second home, worth around £8m.
The case was taking too long with a different lender as they didn't understand the intricacies involved, so it was transferred to us.
Our specialist finance account manager quickly referred the deal to our Transactional Credit Committee for approval.
The application was reviewed by underwriters in three hours (our usual processing time is 24 hours).
Our sales and underwriting teams liaised with the solicitors directly to ensure the deal was completed in just 10 days.
MEET THE TEAM
Alan Kimber
Head of bridging at OSB Group alan.kimber@osb.co.uk 07718 107656
Alan leads a team of Specialist account finance managers who provide a first-class service for brokers across the Precise and InterBay brands.
He held various senior roles within financial services over the past 25 years, before joining OSB Group in 2012. He was promoted to Head of bridging in 2025.
Alan and his team truly understand the challenges that brokers face in today’s market, and they’re ready to assist them with their complex bridging cases, as well as promote opportunities for them in the sector.
Connect on LinkedIn @Alan Kimber
Davey Gurm
Specialist finance account manager davey.gurm2@osb.co.uk 07548 239 462
Davey brings more than 15 years of industry experience to his role, partnering with our intermediaries to provide them with in-depth knowledge of our specialist products and lending policy.
Davey enjoys meeting with brokers face-to-face and looking at cases from all angles, and is committed to strengthening relationships with his partners and intermediaries.
His aim is to be the first name that springs to mind when brokers need help with placing their specialist finance cases.
Connect on LinkedIn @Davey Gurm
Ross Williams
Specialist finance account manager ross.williams@osb.co.uk 07341 805311
Ross brings more than 15 years of experience to the role after starting his career in financial services with broker firm Black Book Finance. He took up his first BDM role with Enterprise Finance in 2016, before moving to a similar position with Keystone Property Finance.
He joined OSB Group in 2022 as a specialist finance account manager, sharing his in-depth knowledge of our products and criteria and his industry experience with our brokers.
Connect on LinkedIn @Ross Williams
Peter Coombes
Specialist finance account manager pete.coombes@osb.co.uk 0743 269 3022
Peter joined the company from a mortgage brokerage firm based in Kent, where he was predominantly a residential mortgage broker with experience in BTL and limited company BTL borrowing.
Before then, he’d worked as a mortgage adviser, along with another 10 years spent working in retail banking.
With a detailed knowledge of the mortgage market, Peter understands the challenges brokers face and is ready to assist them with their cases.
Connect on LinkedIn @Peter Coombes
John Bremner
Specialist finance account manager john.bremner@ precisemortgages.co.uk 0333 240 7095
John has worked in financial services for 15 years, having previously worked for Lloyds Banking Group and Bank of Ireland as a Mortgage Underwriter.
He joined Precise in 2016 as a Senior Mortgage Underwriter within our Bridging Team.
He’s excited to share his knowledge with our brokers and assist with any queries or challenges that they may face.
Connect on LinkedIn @ John Bremner
Even more support
You’ll be able to access even more invaluable industry expertise. We now have a dedicated office BDM available to offer support, alongside your specialist finance account manager
Jodie Worswick
Specialist finance account manager 07548 239425
With a wealth of experience in the mortgage industry, Jodie has developed a deep understanding of the market, from high street lending to specialist finance.
Jodie’s diverse background allows her to approach lending with a well rounded perspective, ensuring the best possible outcomes for clients and industry partners.
Connect on LinkedIn @ jodie-w
Amit Kumar Office BDM, Precise amit.kumar@osb.co.uk 0333 240 7095
Great TrustPilot Reviews
“After an existing deal fell through, the time was ticking to get this case over the line by the customer’s deadline.
The bridging expertise at Precise, coupled with amazing customer service from Simon and the team, ensured our client achieved a fantastic result and we’re looking forward to doing more business together in 2025”
Paul Bass, Director at Prolific Mortgage Finance
0800 116 4385
bridging@precisemortgages.co.uk hub.precisemortgages.co.uk/bridging Intermediaries only.