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 Jonathan Rubins, Director & Chief Commercial Officer at Alternative Bridging Corporation
The property market may be expected to slow in 2023, but the underlying demand for homes and property finance hasn’t changed. The National Housing Federation says that 340,000 new homes need to be built annually to meet the current demand as the past pledges of 300,000 new homes being built each year by the mid-2020s have yet to come to fruition.
The long-term opportunity for developers is clear, but the short-term outlook may be challenging for property finance, with schemes costing more to complete and taking longer to sell.
At Alternative Bridging Corporation, we have designed a new product that we think is perfect to support developers in just this situation with their property finance.
It’s called PartX Property Finance and is designed to help small to medium-sized developers and estate agents by allowing for the quick sale of newly developed properties.
PartX consists of a pre-agreed part exchange facility that can be used to expedite sales and mitigate against chain breaks on new home developments.
With an agreed facility, developers will have the property finance they need to complete a part exchange purchase with the buyer of one of their developed properties, helping to accelerate the sales process.
In addition, PartX can be utilised to offer extra funds for light refurbishment for developers who want to make improvements to the part exchanged property to maximise resale potential.
It takes about as long as a standard unregulated bridging loan to arrange and terms are agreed at the outset, with all due diligence completed in advance. This benefits the developer as it means the facility can be completed quickly and easily when required, utilising a short form of valuation, title insurance and a standard legal charge.
PartX is available for our developer clients as well as developer clients of other lenders. It’s a product innovation developed to meet the demands of today’s economic environment, enabling developers to maintain the rate of sale on their sites, and importantly to repay their development facilities on time.
This demonstrates our commitment to continually innovate and find new bridging finance solutions and ways to help our new and existing property development clients.
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
