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.
North London Alternative Overdraft
In North London, a developer faced a challenge after completing the development of five detached houses. They had successfully sold two, had offers on two more and intended to keep the fifth house for personal use. The developer required additional financing to continue operations and purchase new sites.
To address the issue, the developer opted our Alternative Overdraft facility. The development loan had been reduced by using the proceeds from the first two sold properties, and the remaining properties were used to secure our Alternative Overdraft facility. This provided the borrower with the funds to purchase more sites. Allowing the borrower flexibility to access the needed funds without the limitations of a traditional loan structure. This strategic financial solution allowed the borrower to maintain liquidity and continue investing in new development opportunities as desired.
The Alternative Overdraft facility addressed the developer’s immediate and future financial needs. The proceeds from the sale of the remaining houses would contribute to the facility and the remaining funds provided the necessary capital to acquire additional sites. This financial flexibility ensured that the developer could smoothly transition from one project to the next, maintaining momentum in their development activities. The ability to secure the overdraft against existing and future properties provided a robust financial safety net, allowing the developer to manage their finances efficiently and pursue new opportunities with confidence. This case study highlights the benefits of flexible financial solutions in supporting ongoing development projects and facilitating future growth.
Our Alternative Overdraft is our innovative facility for up to two years. With multiple drawdowns on demand that can be repaid or redrawn repeatedly. Interest is charged on the balance outstanding and it avoids the repetitive set-up costs. If you would like to read another case
Shouldn't accessing property finance be easier? This unique overdraft provides you with a flexible drawdown facility giving you instant liquidity and avoids heavy setting-up costs.
