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.
A Swift Refurbishment Loan
In Barnet, a property owner found themselves in a challenging situation when their lender withdrew at the last minute. This sudden setback disrupted their plans for a light refurbishment project. The property, which had been granted permission for a change of use from a clinic to a residential family three-bedroom home, required urgent financing for the purchase and refurbishment of the property. With a limited window to secure the necessary funds, the borrower faced significant pressure to find a reliable lending solution quickly.
Recognising the urgency and importance of the project, the Alternative Bridging team acted swiftly to provide a swift refurbishment loan. Despite the tight timeline, we were able to reuse the existing valuation and had a strategic approach to ensure a seamless and rapid loan approval process:
On day one, the legal procedures were instructed and simultaneously, we readdressed the existing property valuation from the previous lender to Alternative Bridging Corporation. Utilising our team’s expertise and streamlined processes, we secured loan approval in an impressively short period—just 5 working days! We recognised the borrower’s intention to sell the property post-refurbishment and the loan was structured with an exit strategy to align with their plans.
The proactive approach and fast response of our team resulted in a swift refurbishment loan and a successful outcome for the borrower.
Fast Completion: Despite the challenges caused by the previous lender’s withdrawal, the loan was completed within just 5 working days, keeping the borrower’s project on track and on schedule.
Satisfied Borrower: The experienced borrower expressed their satisfaction with our efficient and reliable service, highlighting our ability to step in and deliver when they needed it most.
Seamless Transition: By reusing the existing valuation and instructing the legal procedures on day one, we enabled a smooth transition, minimising disruptions and delays from enquiry to completion.
Project Continuation: With the necessary financing secured, the borrower was able to proceed confidently with their project, knowing that their plans to transform the property into a residential family home were back on course.
In conclusion, our prompt and flexible lending solution shows our commitment to supporting brokers and their clients in overcoming challenges and achieving their property goals swiftly, even under demanding circumstances.
“Myself and the team’s main focus was on meeting the borrower’s needs and expectations. I understood the urgency of their situation and got everything rolling quickly, ensuring everything was managed efficiently. The team and I worked tirelessly to meet the deadlines and exceed their expectations. It’s rewarding to see how our proactive approach enabled the borrower to proceed with their project without any unnecessary delays. Their satisfaction is a testament to our commitment to delivering exceptional service, no matter the challenges we face.”
“I’d like to extend my appreciation to my Case Manager (Divya Patel) and Underwriter (Robert Seymour) for their efforts on this case. Their hard work was instrumental in finalising the deal in just 5 working days. A special thank you also to Lawrence Stephens and Asserson Law Offices for their dedicated contributions in ensuring the successful and prompt completion of this deal.” – Taylor Osunsedo, BDM, Alternative Bridging Corporation
Make light work of property refurbs Our Light Refurbishment Bridging Loans are available for improvements which do not require planning permission.
