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.
Buying property at auction presents a unique opportunity for investors to acquire new assets. As well as enhance their portfolio’s capital and rental value through renovation and refurbishment. However, traditional financing methods, such as bridging loans, may not provide the agility needed for an auction purchase.
Enter the Alternative Overdraft, a versatile drawdown facility that allows investors to navigate auctions with the ease of cash buyers. This facility, with funds accessible and repayable on-demand, proved to be the perfect solution for our client. They already had established a limited company for property investments.
The client, used to relying on bridging loans, recognised the game-changing advantage of the Alternative Overdraft. By securing the facility against existing properties within their portfolio at a 65% Loan to Value (LTV). They were able to create a dynamic cash pot ready for auction scenarios.
In addition, the use of light refurbishment loans post purchase may not be easily obtained especially for smaller figures. Therefore, the Alternative Overdraft provides the flexibility required for quick internal refurbishments.
Implementing a strategic approach, the client utilised the funds to acquire properties at auction. They were then able to allocate £20,000 to £30,000 for internal refurbishments due to the flexibility of the facility.
This allowed them the flexibility to decide between refinancing the property onto a buy-to-let mortgage, replenishing the overdraft pot, or repeating the process. Alternatively, they could sell the refurbished properties, retain profits, and reinvest the funds into the overdraft ‘pot’ for future opportunities.
The Alternative Overdraft, with a lifespan of up to 24 months, offered the client ample time to execute their investment strategy. The exit plan involved refinancing the security properties, creating a seamless cycle of strategic property acquisition and value enhancement.
This case study proves how the Alternative Overdraft can revolutionise auction-based property investment, providing investors with financial flexibility and strategic advantages.
Click here to read our other case studies on The Landsite.
