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
For brokers, the ability to secure quick property bridging deals can make a significant difference to their clients. By providing quick loans, Bridging Finance offers a flexible and rapid solution that can keep transactions on track, even in the face of unforeseen challenges. Understanding the scenarios where Bridging Loans are most effective and following best practices to expedite the process. Brokers can ensure that they are well-equipped to meet their clients’ needs and close deals quickly.
One common scenario where a Bridging Loan becomes crucial is when a lender withdraws from a deal at the last minute. In such cases, the borrower is left scrambling for funds, risking the collapse of the entire transaction. Bridging Loans can step in to provide the necessary financing, ensuring that the deal stays on track.
Sometimes, a property deal may require quick action, especially in competitive markets where desirable properties are snapped up quickly. Bridging Loans offer a solution by providing funds rapidly, allowing the borrower to act decisively and secure the property before someone else does.
Businesses may require urgent capital to complete property-related transactions, purchase inventory, or manage cash flow. Bridging Loans offer fast access to liquidity, enabling businesses to avoid disruptions and seize growth opportunities quickly.
One way to expedite the Bridging Loan process is by reusing existing valuations. This approach can save valuable time by eliminating the need for a new valuation, allowing the loan to be processed more quickly.
Brokers can also speed up the process by ensuring that legal procedures are instructed swiftly. Working closely with legal teams and advancing legal procedures early on, brokers can help secure the loan and keep the transaction moving forward.
Our Bridging Loans offer flexibility that traditional loans often cannot match. Flexibility is crucial when dealing with time-sensitive transactions, allowing brokers to tailor the loan to meet the specific needs of their clients.
Streamlining the loan application process is another key factor in securing quick property deals. By proactively gathering all necessary information and ensuring that it is provided to the lender in a timely manner, brokers can help avoid delays and ensure that the loan is approved and completed as quickly as possible.
● Determine how quickly funds are needed and whether a bridging loan is the best solution.
● Check if an existing valuation can be reused to save time.
● Instruct legal procedures as soon as possible to avoid delays.
● Ensure that all required information is collected and submitted promptly.
● Choose Lenders with a proven track record of delivering flexible and quick Bridging Loans.
● Work closely with Case Managers, Underwriters, and other professionals to keep the process moving smoothly.
A property owner in Barnet faced a setback when their lender withdrew at the last minute, disrupting their plans for a refurbishment project. By quickly securing a Bridging Loan and reusing an existing valuation, the broker facilitated the loan approval within just five working days, allowing the project to proceed without delay. Read more.
A client needed to redeem a mortgage that had moved onto an unfavourable Standard Variable Rate. Through a Bridging Loan, the client was able to relieve financial pressure and carry out necessary refurbishments, ultimately securing a better deal on their property. Read more..
These case studies illustrate the effectiveness of Bridging Loans in overcoming time-sensitive challenges and highlight the importance of a proactive approach in securing quick property deals.
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