Residential Bridging Loans…

Our Residential Bridging Loans are short-term funding solutions for residential properties. These loans are available for up to 24 months from £150K – £3.5M. They come with an LTV of up to 75% and interest rates from as low as 0.75%.

Our Residential Bridging Loans are a convenient and flexible form of Bridging Finance. They are ideal for the purchase of a residential property, in addition to refinancing and property improvement. They can also be used to unlock working capital to make further investments.

Residential Loan London: securing stability through complexities

These loans are popular with brokers looking to find flexible funding for their clients who are undertaking residential projects. In this case study, the brokers’ client required a fast bridging loan of £585,000 due to challenging circumstances. The property suddenly became at risk of repossession due to a break in the existing loan terms because of changes in corporate ownership. This prompted the existing lender to appoint a new receiver.

Alternative Bridging stepped in without delay to provide the broker’s client with the funds required to repay their existing bank loan and avoid property repossession. Despite obstacles such as receiver involvement, tight deadlines, and complex corporate structures, the Alternative Bridging team managed the complexities with precision and speed.

Thanks to diligent efforts from Alternative Bridging and the broker, the borrower successfully completed the refinancing process on time. As a result, repossession was avoided. This case highlights how Alternative Bridging’s dedication, prompt action and customised solutions can help your clients overcome complex financial challenges.

How Residential Loans can help

Convenient short-term deals

Speed is often a critical factor when your client is trying to secure a timely property deal. Whether they are buying at auction or want to take advantage of a seller’s discount for a quick sale, our Residential Bridging Loans can be ideal. Unlike a traditional mortgage, it doesn’t take months to deliver the funding.

Owner-occupiers

Our Residential Bridging Loans are popular with owner-occupiers for many reasons. However, one key reason is that the chain becomes irrelevant, as your client can get the money to buy the home straight away. This money is then paid back after their current home sells. Avoiding the stress and financial strain of being stuck in a chain is a fantastic advantage for owner-occupiers.

Home improvements

Mortgage lenders need assurance that their investment is secure, so they avoid funding properties likely to fail a survey. These properties are often the least expensive to purchase, which is where our Residential Bridging Loans come in. By using a bridging loan, your client can buy the property and make improvements to enhance its value and mortgage eligibility. Once the property meets mortgage standards, they can obtain a mortgage and repay the bridging loan.

Re-development purposes

Residential property development demands significant capital. It’s not only about the initial purchase cost but also the funds needed for redevelopment. A bridging loan can provide the financial flexibility to implement your client’s plans, allowing them to repay the loan with the proceeds from the sale. Alternatively, with the mortgage, they can more readily obtain once the property is renovated.

Residential property flippers

Having a property that your client can buy at a low price and then sell almost immediately is a very attractive deal for investors. However, to achieve this, they need fast access to funding. Residential Bridging Loans are ideal for this purpose due to their rapid turnaround times and flexibility.

The Alternative Bridging difference

The primary advantages of our service are flexibility, outstanding service and the speed of approval. When attempting to secure short-term financing through traditional methods, the opportunity often vanishes before a decision is reached.

With our bridging finance options, the process is different. Your client simply submits their request and the loan details, and we offer a decision in principle almost immediately. This allows them to move forward with their property purchase or redevelopment while we handle the loan process.

With our Residential Loans now available from as low as 0.75%, and lower BOE rates on the horizon, there has never been a better time to begin a project. If you would like to enquire about obtaining a Residential Bridging Loan for your client, why not get in touch?