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.
Residential Bridging Loan London: Navigating Complexities for a Secure Transition
In the realm of property financing, a property company director encountered a significant challenge, requiring a Residential Bridging Loan for a property in London. Their circumstances were unique, involving the ownership of a personal residence within a partially owned corporate entity. Structured through an Assured Shorthold Tenancy, the initial property purchase had been facilitated by a challenger bank.
Complicating matters further, personal circumstances led to the acquisition of the remaining corporate shares, triggering a change of management that didn’t align with the terms of the existing bank loan. Consequently, the lender appointed a receiver, introducing a flow of challenges that required immediate attention.
To assist the client, Alternative Bridging swiftly stepped in with a strategic solution. The main focus was to provide the essential funds quickly to enable the repayment of the bank loan, all while securing a competitive bridging loan rate. This decisive action not only eased the urgent challenges posed by the receiver’s involvement but also smoothly navigated the complexities of the corporate structure.
In this crucial phase, effective communication and collaboration played a key role. Alternative Bridging worked closely with the property company director to understand their unique needs and tailoring a solution that not only resolved the financial challenges but also warranted a smooth transition in the property’s ownership.
The resolution to these complex challenges ensured a seamless transition and financial stability during the property’s transfer to a third party. Alternative Bridging’s intervention not only assisted the swift repayment of the bank loan but also secured favourable bridging loan rates. This outcome highlighted the effectiveness of a proactive and strategic approach, successfully overcoming hurdles presented by the receiver’s involvement, time constraints, and the complexities of the corporate structure. The experience highlighted the crucial role of a tailored financial solution in achieving a secure and successful transition.
Residential finance with fewer hoops We provide Residential Bridging Loans that are secured by a first or second charge mortgage on residential investment properties.
