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 property finance experts providing short-term loans, bridging finance and specialist lending solutions to brokers and clients. Providing the best service and resolving complex issues quickly and efficiently has set us apart from our competitors since 1992. We always aim to provide solutions that meet the exact requirements of our clients at competitive rates. Our team are all under one roof, meaning we can make decisions quickly for a more efficient and unrivalled lending experience.
As principal lenders, we have full internal control of our lending decisions which allows us to provide funding swiftly. We also have great flexibility with the terms of our loans, and we can offer a more personal approach.
We provide regulated and non-regulated bridging loans in England, Scotland and Wales. One key benefit of using our Alternative Bridging Loans is the speed of receiving the funding. Obtaining a traditional mortgage can involve weeks or months of waiting and processing of paperwork. However, bridging loans are typically approved far more quickly. This makes them ideal for fast-paced situations, such as purchasing a property at auction where a quick decision is required. Additionally, bridging loans offer great flexibility. They can also be used for financing renovations on an investment property or unlocking capital for business purposes.
Excellent service is our number one priority. Our BDM’s, Case Managers and Underwriters have a wealth of knowledge to help brokers and their clients find the perfect solution. Our team of property finance professionals are friendly, efficient and work collaboratively with our clients to provide them with an unrivalled lending experience.
With over 30 years of short-term property finance lending experience, our team use their expertise and dedication to find you the ideal property finance solution.
We always strive to be the most trusted lender. We know that bridging finance is complex and, in many situations, funding is often needed as quickly as possible. Therefore, it can be easy to make mistakes before the full implications of the decision become clear. That’s why we believe honesty and transparency are critical in every part of the process. As principal lenders we are directly funded, meaning we don’t have the limitations and pressures that other lenders commonly have. This also allows you to borrow with confidence.
Our innovative products are flexible and are tailored to your client’s exact requirements, especially when access to finance is challenging. We always strive to find the ideal solution, no matter how challenging the project or circumstances.
We work hard to remove obstacles rather than create them. Our property finance experts take a different approach from our competitors, always striving to say yes. Once we have fully understood the requirements of the borrower, we can tailor the loan more effectively. This allows us to say ‘yes’ more often.
One of the most frustrating parts of acquiring property finance can be the slow application processing times. We do things differently. Thanks to our short chain of command and fast decision-making, we can speed up turnaround times. This allows borrowers to take advantage of time-sensitive situations such as property auctions and last-minute buying opportunities. Our experience and attention to detail allow us to balance speed with due diligence and responsibility.
The efficiency, experience and skill of our property finance experts is what allows us to provide the highest level of service we have become known for. We only employ the most talented, driven people who can deliver the property finance needed. From Underwriters, Funding Managers, Case Managers and Asset Managers, we only hire the very best. Everyone in our team collaborates closely to get each loan across the line swiftly in order to provide a completely hassle-free lending experience.
We are proud to have a very high staff retention rate which speaks volumes about the culture we have developed. Our staff work hard and are recognised and rewarded for this. We frequently promote those who excel in their respective fields, and we have seen many careers develop and flourish within our company.
We offer Regulated, Residential, Commercial and Light Refurbishment Loans up to £10M for 3 to 24 months. These loans are flexible short-term property finance solutions designed for property purchase, improvement or to unlock working capital.
Our Residential Bridging Loans are short-term loans designed for use on a range of residential properties. These loans can be secured on residential investments, student accommodation and HMOs.
Residential Bridging Loans are available for up to 24 months and available for individuals, partnerships, limited companies and LLPs, including some offshore entities. They have an LTV of up to 75% on first charge and are available in the amount of £150k to £3.5m.
Commercial Bridging Loans provide property funding for a variety of commercial, industrial and residential premises and land with planning permission. As an alternative to a commercial mortgage, these loans give swift access to capital for buying or renovating property. Like Residential Bridging Loans, they can also be used for refinancing purposes as well as releasing equity or working capital.
Commercial Bridging Loans are available for 3-24 months in the amount of £150k – £3.5m. They are commonly secured against office buildings, retail units, industrial premises, hotels, residential properties and residential land with planning permission.
For smaller projects that do not require planning permission, our Light Refurbishment Loans are ideal. These loans are commonly used for improvements to commercial and residential properties, including buy-to-let’s, retail, offices, student accommodation and HMOs. These loans are available for 3-24 months in the amount of £250k to £3.5m.
Our Development Finance Loans are designed for the purchase or refinance of property. They can also be used to cover site costs, construction expenses, interest and fees. These loans can be secured against residential and commercial development projects.
Our Development Finance Loans include the Development Loan, Regulated Development Finance and Heavy Refurbishment Loan.
Our Development Loans cover a range of residential, commercial and industrial building projects. They can be used for construction, renovation and for covering fees and interest associated with construction projects. Our Development Loans also allow developers to re-finance or release working capital from ongoing projects.
Heavy Refurbishment Loans are ideal for making substantial changes to the property, such as structural reconfiguration and extensions requiring planning permission. These are commonly used for converting commercial premises into residential investment use.
The Alternative Overdraft is an innovative product which provides liquidity whenever it is required. It is ideal for site acquisitions, property auction purchases and funding development projects. These loans are available for between £250k and £2m. The loan allows multiple drawdowns when required and can be repaid or redrawn repeatedly.
Our Alternative Term Loan is interest only and has no early repayment changes. These loans have a term length of 3-5 years and provide secure funding for investment in residential and commercial property. The loans are available for up to 65% of valuation and as income improves and the value of the property increases, additional advances can be made.
PartX Property Finance offers a part exchange of old homes for new and is proving to be very popular with buyers and developers. This arrangement allows the developer to complete a sale quickly at full value. It is also a win-win situation for the owners of the part exchange property who are also able to sell their property at full value. This also removes the stressful process of trying to find a buyer, taking the hassle out of moving house. For buyers, there’s no chain to hold up the completion of their purchase and they can move into their new home quickly.
If you would like to learn more about the property finance products we offer, don’t hesitate to contact us today. Our BDMs are available to provide expert advice to help you find flexible, bespoke funding for you or your client. If you have any questions, send us a message or you can call us to speak to one of our property finance experts on 020 8349 5190 for a streamlined and efficient lending experience.
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