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.
Developers are increasingly leveraging the benefits of our unique Alternative Overdraft facility. This flexible drawdown facility provides a solution to a variety of needs. It has become a preferred choice for developers seeking financial support for their projects.
A limited company specialising in development projects found itself facing a challenge. The task at hand was to secure funding that not only aligned with their strategic plans but also steered clear of the aspects associated with traditional development finance.
This particular client had acquired a development site, complete with planning approval for constructing two houses. However, the client was hesitant about the limitations of standard development financing. The staged payments, elevated interest rates, and the burden of additional costs, such as frequent site inspections.
Enter the Alternative Overdraft, a dynamic drawdown facility perfectly tailored to meet the unique needs of our client. The objective was clear – to provide flexible financing, allowing funds to be drawn as and when required. All while avoiding the logistical hurdles and additional expenses of continuous site visits by a monitoring surveyor.
The financing solution was structured by securing a loan against three buy-to-let investment properties at 70% Loan to Value (LTV). The client’s exit strategy was crafted around the future refinancing of the two houses post-construction completion.
This case serves as a compelling illustration of how the Alternative Overdraft appears as the go-to solution for developers in need of swift, adaptable funding. Beyond this scenario, the overdraft’s versatility is evident in its securing method – a first charge on commercial or residential properties, coupled with a second charge on residential properties. Loan amounts range from £250,000 to £3 million, showcasing its scalability.
The success of this case study underscores the Alternative Overdraft’s role as a dynamic financial instrument, providing developers with a responsive avenue to access funding precisely when needed. Marking it as an indispensable tool in the realm of development financing.
