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.
By James Bloom, Director at Alternative Bridging Corporation
The election of the new Labour government has raised some important questions about the future of housing and development. The incoming government has a manifesto pledge to build 1.5 million new homes over the next Parliament. The ambitious plan to “get Britain building” promises significant changes and opportunities for investors, and developers and increased demand for development finance loans. This bold commitment primarily aims to address the chronic housing shortage. It is also designed to stimulate economic growth and job creation in construction and related industries.
The emphasis on building new homes is expected to boost industries from construction, and estate agents, to finance and retail. New housing developments will create job opportunities, boost local economies, and contribute to a more balanced housing market.
This surge in housing development will also stimulate demand for related services and products, further driving economic growth. From construction materials and labour to estate agent services and consumer goods, the impact of increased housing activity will be felt across multiple industries.
In recent years, the UK has seen interest rates grow significantly, directly impacting mortgage affordability and borrowing costs for investors and developers. This has made traditional bank loans less attractive for investors and developers. Other aspects such as slow processing times and a lack of flexibility have made mortgages impractical for many. Alternative financing options, such as bridging loans can be used as a far more flexible and accessible solution for property investors and developers.
Inflation has also had a significant impact on the cost of building materials and labour, further complicating the development process. Rising costs erode developer profit margins and make it more challenging to complete projects on time and within budget. This economic environment highlights the need for financial products that offer flexibility and quick access to funds. Therefore, allowing developers to respond to changing situations quickly and effectively.
Our Development Loans are specifically designed to meet the needs of property developers looking to finance their projects quickly and efficiently. Unlike traditional mortgages, our loans offer a faster approval process. This is crucial for developers who need to act swiftly to secure land, commence construction, or complete ongoing projects. These loans are also ideal for refinancing purposes, covering site and development costs, interest and fees.
Our Development Loans are structured to provide the necessary capital at various stages of the project lifecycle. Whether you or your client needs funding for site acquisition, initial construction phases, or project completion, our loans offer the financial support required to keep projects on track. They are designed to be adaptable to the unique requirements of each project. This flexibility is invaluable for those who need to manage cash flow effectively and keep their projects on track amidst fluctuating market conditions. This approach ensures that developers can manage cash flow effectively, mitigate risks, and deliver high-quality housing developments on schedule.
With inflation affecting material costs and labour prices, having a reliable and adaptable funding source is more important than ever. Development Loans can help mitigate some of the financial pressures caused by rising costs, enabling you or your client to maintain progress and deliver on time.
In an environment where traditional lending criteria can be restrictive and time-consuming, bridging loans offer a more streamlined and accessible alternative. Developers can secure the necessary funding quickly, allowing them to respond to market demands and economic conditions with agility. This ability to act swiftly is crucial for staying competitive and achieving success.
Another aspect to consider is the role of sustainable development in this housing plan. The Labour government has indicated a commitment to environmentally friendly building practices and energy-efficient homes. This focus aligns with broader trends in the housing industry towards sustainability and carbon reduction. Developers who incorporate green technologies and sustainable designs into their projects may find additional support and incentives available.
Increasingly, homeowners are prioritising energy efficiency and eco-friendly features in their purchasing decisions. By adopting sustainable practices, developers can differentiate their projects and appeal to a growing segment of investors and buyers. This approach not only supports environmental goals but also enhances the marketability and long-term value of the developments.
Development Loans can also support sustainable development initiatives. By providing the necessary funding for innovative building methods and eco-friendly materials, these loans enable developers to meet higher environmental standards without compromising on quality or efficiency. This support is crucial in driving the adoption of sustainable practices across the housing sector.
In summary, the new Labour government’s pledge to build 1.5 million new homes presents an excellent opportunity for investors and developers. The focus on boosting homebuilding efforts is set to address the housing shortage, stimulate economic growth, and create job opportunities. Alternative financing options like our Development Loans offer a valuable solution for developers seeking flexibility, outstanding service and quick access to funds. We are dedicated to supporting developers through our development finance options. Therefore, ensuring they have the financial backing needed to succeed in their projects and contribute to the national housing objectives.
The new era of housing development under the new government promises transformative changes that will benefit the entire country. With Development Loans, investors and developers can seize this opportunity to drive innovation, sustainability, and growth in the housing market.
If you have any questions about acquiring a Development Loan, don’t hesitate to message one of our friendly BDMs. Alternatively, you can call us on 020 8349 5190.
Don't miss our product updates or property market news.
By entering your email address, you agree to receive our marketing offers in accordance with our Privacy Policy
