The addition comes following a period of sustained growth in the second charge market, in which second charge loans have become more affordable as source of personal credit.
Darrell Walker, head of intermediary at The Lending Wizard, said: “We’re very pleased to welcome another major lender to our panel.
The panel is designed to include a broad range of lenders, which is representative of the market. Crucially, our panel aims to provide a wide range of products that are suitable for borrowers with a diverse set of requirements and personal circumstances, allowing brokers to find the best product for their client’s individual situation.
“Precise Mortgages is a great company which we believe will add value to the panel and we look forward to working with them closely over the coming months and years.”
Simon Carr, director of second charge lending at Precise Mortgages, added: "We entered the second charge loans market towards the end of last year and have been cultivating strong relationships with a select group of key brokers ever since.
“We look forward to working with The Lending Wizard and opening up our lending products to the brokers and intermediary networks that use the sourcing tool.”