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.
PartX Property Finance offers part exchange of old homes for new, and is proving more and more popular with house buyers and developers. And now you don’t have to be a big house builder to offer it to potential customers.
With PartX from Alternative Bridging, everyone can benefit from offering part exchange on new home projects whatever the size.
This type of part exchange property lending is good for the developer and their funder. It enables the developer to complete a sale quickly and efficiently at full value and the lender’s gearing under its development facility, is reduced even after deducting the deposit and expenses needed for the PartX Finance loan.
But it is also a win-win situation for the owners of the part exchange property, who are able to sell their property at full value and complete the purchase of their dream home without wanting to find a buyer. It takes the hassle out of moving house.
For buyers, there’s no chain to hold up completion of their purchase, they can sell their property at full value and move into their dream home quickly with none of the hassle of selling.
PartX finances the developer for the purchase of the part exchange property and includes funds for its light refurbishment if one wishes to refresh or improve it to help with resale. It’s available both when Alternative Bridging is providing the development facility or where it has been granted by a third-party lender.
The terms of the part exchange lending facility are agreed at outset with all due diligence completed in advance. Then all that’s left to do when funds are required, is to complete the PartX loan.
View our ‘6 steps to funding success’ here.
Loan Term 12 Months
Fees Arrangement Fee 1%
Amounts £1,000,000
Interest from Interest at 7.95% p.a. over BOEBR accrued for 6 months and thereafter serviced by the borrower (Minimum interest charge 3 months)
Our PartX Property Finance loan covers:
