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
We are very happy to announce the relaunch of our Alternative Term Loans with no early repayment charge.
We have decided to implement our ‘no early repayment charge’ to help those who want to repay their loan early without any additional charges.
Furthermore, we have recently reduced our interest rate to 6.75 over BOEBR.
Our Alternative Term Loan provides secure funding for the purchase, refinance and improvement of properties. Perfect for supporting new and growing businesses and for use in asset management situations.
The Alternative Term Loan is interest-only and can be taken out for 3 to 5 years, with a value of between £250,000 and £2,000,000. Loans are available for up to 70% of valuation. As your client’s income stabilises during the term of the loan and the asset value increases, we can consider making other additional advances too.
The Alternative Term Loan also includes special arrangements for accruing interest when property income is not yet stabilised. As a result, this Term Loan can be perfect for business start-ups.
The Term Loan is highly flexible and is particularly well suited for business start-ups and longer-term high-value projects.
We have made changes to our Term Loan product because we recognise that many people want the ability to repay their loan early.
Due to the dynamic uses of Term Loans, sometimes the financial situation of your client will change. For instance, a loan for completing a commercial property acquisition may result in income being generated sooner than anticipated. As a result, your client may want to repay the loan early.
Our Term Loan rate has recently dropped to just 6.75% p.a over BOEBR.
One of the great benefits of taking out an interest-only term loan is that it can be more suitable for longer-term projects compared to other loan products. Our Alternative Term Loan gives you the flexibility of allowing you more time to complete your property project. With our removal of the early repayment fee, the product is now even more suitable than ever before for long-term projects.
The Alternative Term Loan is interest-only and has an interest rate of only 6.75% over BOEBR. This can make it easier to budget for your investment and manage your cash flow.
Term loans can be used to finance a variety of property types, including residential properties, commercial premises, and land. They can also be used for a variety of purposes, such as purchasing a property, refinancing an existing loan, or making substantial renovations.
Our Term Loan product offers a competitive interest rate of 6.75% over BOEBR. This competitive interest rate can make them a more affordable option than other types of financing, such as revolving credit facilities.
If you would like some more detailed information on the comparison between longer-term loans and revolving credit facilities, click here.
Term loans can be used to finance large property investments. This can be helpful if your client is looking to purchase a more expensive property or if they are planning to make major renovations to a property. Our Alternative Term Loan can be arranged for £250,000 to £2,000,000.
Contact Alternative Bridging Corporation today to learn more about how we can help you get the property funding you need.
We’re dedicated to helping guide you through the whole process, ensuring you access the most suitable financial products for your investments.
With our industry expertise and commitment to service, we’re here to support your financial journey, every step of the way.
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