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.
Regulated Development Finance
Our Regulated Development Finance is available for up to 12 months to owner-occupiers up to £2M.
Our Regulated Development Finance is for purchase or refinance and includes the site cost, construction, interest and fees. We cover up to 80% of total development cost or up to 100% where a charge can be taken on the borrower’s existing property.
Alternative Bridging Corporation Cheval is authorised by the Financial Conduct Authority (FCA). We are committed to service and establish close relationships with brokers in order to obtain certainty of completion of Regulated Development Loans.
View our ‘6 steps to funding success’ here.
As amounts can vary, please contact us to discuss your Regulated Development Finance query with one of our experienced BDMs. We’ll quickly make a decision regarding your Development finance requirements and ensure swift progression of your finance solution.
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Loan Term 3 – 12 Months
LTGDV up to: 65% GDV (80% LTC)
Fees 1% exit fee
Amounts £500,000 – £2,000,000
Interest from 1.15% p.m
Our Regulated Development provides finance secured on:
Alternative’s Regulated Development Finance is available for new build, conversion and refurbishment.
Find out all the answers to your frequently asked questions about Regulated Development Finance.
A regulated development finance loan can be used to finance a range of building projects, from ground-up construction to renovation across owner-occupied residential developments.
A regulated development finance loan is required when 40% or more of the property in question is to be used as, or in connection with, a dwelling of the borrower.
An example of this might include developing a property in the garden or grounds of a residential home, in order to sell one on whilst living in the other.
Effectively, yes. Some lenders may distinguish between a bridging loan for purchasing a property and property development finance which, as the name suggests, is designed to provide working capital for development. In reality we’ve always found the distinction to be a fairly artificial one, so our development funding can be used for purchase, refinance, development, equity release or as an exit loan.
The key to remember about Regulated Development Finance is that the loan is regulated when 40% or more of the property in question is to be used as, or in connection with, a dwelling of the borrower.
No, not all development lenders are regulated by the Financial Conduct Authority (FCA). This means that not all development lenders are able to offer a Regulated Development Finance loan. You need to work with a lender that is regulated and can offer this type of lending.
Property development finance can be used in a wide range of ways.
Not every development goes to plan. Capital that once seemed sufficient to complete a development can be eaten up by unexpected delays and technical issues, leaving you with the unwelcome ‘chicken and egg’ prospect of not being able to sell/let the property because it is incomplete, and not having the working capital to complete the project.
Our UK property development loans help developers out of this financing cul-de-sac, by offering financing based on the value of the completed project. This injection of additional funds ensures you are able to complete the project and start generating a return.
Every property developer is always looking for the next opportunity, but that next opportunity can be hard to leverage when all your capital is tied up in existing developments.
Our exit loans enable you to release the value in your development early, so you don’t miss out on the next prime opportunity.
Not usually, but talk to us if you believe you have a particularly compelling case or have additional security to offer.
ABC, like all development finance lenders, is eager to lend. The more information and assurance you can provide, the greater the likelihood of a swift and positive decision.
You can give us that assurance in a range of ways:
The more detail you can provide to support your predictions, the better. Your draft projections, therefore, might include:
Projections are always more compelling when they come with a track record of success. Where you have previously developed residential or commercial property, ensure your portfolio/application reflects your experience.
All our published terms are indicative, and all our UK development finance is individually structured to your circumstances. Offer some form of additional security, therefore, may make approving your loan an easier or quicker process, or enable us to offer a larger sum.
Size, speed and individual tailoring of arrangements are the key benefits of choosing Alternative Bridging Corporation. Attempt to raise funding through a traditional bank and your options may be far more limited and the processing time much longer. That can restrict your development options and increase delay – both factors that can damage the financial performance of any project. An added benefit is prompt payment of stage advances during the construction period.
We provide a decision in principal and an ESIS almost immediately. That then leaves you free to press ahead with your property purchase or redevelopment while we get everything finalised.
We say yes all the time. Partly, that’s because we’re the ones doing the lending and make the decisions, so we don’t have the pressures and limitations other lenders might have. But mainly, it’s because we approach the whole concept of development finance from a different perspective to many of our competitors; we work harder to find a reason to say yes, swiftly and simply.
We want to say yes to you!
