Precise Mortgages is to enter the short-term lending market.
A launch date has not yet been confirmed, although the lender said this would be announced next week.
Precise Mortgages managing director Alan Cleary says: “We have done extensive research into this market and believe that we can be a credible provider of lending products to the intermediary sector. We have the funding and expertise to make a significant impact.”
The intermediary-only lender, a sister division of Exact, launched in May last year.