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Precise Mortgages enters short-term lending market

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.


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