Our short term bridging loans are for purchase, refinance, property improvement or to unlock working capital for business purposes.
This unique overdraft provides you with a flexible drawdown facility giving you instant liquidity and avoids heavy setting-up costs.
Individually structured loans for residential and commercial projects, with finance available for site purchase, construction and fees, refinance, equity release and to provide working capital. Loans are available up to 90% of the site cost.
Flexible first and second charge non-regulated loans available on terms from 3 to 5 years.
We have a commitment to innovation and with the ever changing financial landscape around us we have designed a range of unique Specialist Lending products that solve a range of property finance needs.
£3.5m Regulated Development Loan
Flexibility for borrowers over a self-build mortgage
The clients had purchased the land with existing planning consent; however, they opted to redesign the entire property to construct their ideal home. This decision extended the process, and it became evident that the construction timeline would exceed 12 months, which is the maximum term for a regulated development loan. In light of this, the clients financed the initial stages of the build using their personal savings and commenced construction prior to our disbursal of funds to commence the 12-month loan term.
However, the borrowers had spent more than anticipated to reach the stage at which we were able to release the funds. Consequently, our Asset Manager liaised with them through their advisors and successfully increased the amount released upon completion. This reimbursement covered the overspent amount, improving their cashflow and ensuring the project continued at its intended pace.
Alternative Bridging stepped in and lent a £2.15m regulated development finance loan to support the demolition and construction of an 8,000 square foot luxury home in Northamptonshire. At the time of application, the property was valued at £850k, but its Gross Development Value upon completion of construction was projected to be a £3.5m Regulated Development Loan.
Through close collaboration with the clients through their advisors and the identification of creative solutions to overcome obstacles in the build, Alternative Bridging successfully completed the construction of a large luxury home within a 12-month period, with the loan being repaid accordingly.
The client, Simon Pickering, who is Managing Director at technology firm DBFB, said: “The thing that really sets Alternative Bridging apart from other lenders is the genuine focus it puts on the personal service it delivers. Working with the lender felt like a true partnership where both of us were striving for the best outcome. This meant we were able to take a flexible approach to overcoming challenges and identifying the best route forward. I have no doubt that this approach was a vital element to the successful completion of the build.”
Regulated development finance can offer greater flexibility for borrowers over a self-build mortgage, particularly for larger-scale constructions. Specialised property lenders offering regulated development finance often possess the experience necessary to provide solutions throughout the building process, assisting clients through their brokers in overcoming challenges they are likely to encounter.
First and second charge short term loans on residential property for purchase or refinance and to release equity or provide working capital.
Residential finance with fewer hoops We provide Residential Bridging Loans that are secured by a first or second charge mortgage on residential investment properties.
