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 quest to purchase a new home can often be an exciting adventure, but it comes with its fair share of financial intricacies and challenges.
If you find yourself in a situation where you need to buy a property quickly or need a temporary source of funds before a long-term mortgage kicks in, using a bridging loan to buy a house could be just the solution you’re looking for.
In this detailed guide, we will explore how bridging loans can be used to purchase a house and introduce you to the range of bridging loan solutions offered by Alternative Bridging Corporation.
A bridging loan is a short-term financing option designed to bridge the gap between the purchase of a new property and the sale of an existing one. It’s a versatile financial tool that can be invaluable in various situations, especially when timing is very important. Bridging loans are typically secured against the property you are buying, and they provide you with the funds needed to complete the purchase quickly.
There are several scenarios where bridging loans can be particularly advantageous:
If you’ve found your dream home but haven’t sold your current property, a bridging loan can provide the necessary funds to buy the new house quickly.
Bridging loans are often used for auction purchases where a fast, secure payment is required upon winning the bid.
In a property chain, delays from one buyer or seller can disrupt the entire process. A bridging loan can help you secure your new home while you wait for your old property to sell.
If you’re purchasing a property that needs substantial renovation before you can live in it, a bridging loan can cover both the purchase and renovation costs.
Now, let’s explore the range of bridging loan solutions we offer at Alternative Bridging Corporation:
Our Regulated Bridging Loans are tailored for residential properties. They can be secured by a first or second charge on residential owner-occupied property to individuals and partners. These loans are an excellent choice for those looking to swiftly purchase a residential property while awaiting the sale of their existing one.
Alternative Bridging Corporation provides Residential Bridging Loans that are secured by a first or second charge mortgage on residential investment properties. These loans are versatile and can be used for a variety of purposes
Our Commercial Bridging Loans are designed to meet the diverse needs of businesses and property investors. Whether you’re looking to purchase, refinance, or improve a commercial property, our commercial bridging loans can provide you with the financial flexibility you need.
Sometimes, property improvements are necessary but do not require planning permission. In such cases, our Light Refurbishment Bridging Loans offer an ideal solution. These loans can be used to finance property improvements swiftly and efficiently.
At Alternative Bridging, we understand that one size doesn’t fit all. That’s why we’re re-writing the rules of property finance by providing made-to-measure bridging finance solutions for you.
With over 30 years of bridging expertise and a streamlined decision-making process, we prioritise service excellence to ensure your finances are in safe hands.
Our bridging loans are available to individuals, partnerships, UK Limited Companies, Limited Liability Partnerships and offshore borrowing entities in approved jurisdictions. We offer competitive loan rates and flexible lending options, making property financing more accessible and efficient.
The process of securing a bridging loan for a property purchase typically involves the following steps:
Start by applying for the bridging loan. At Alternative Bridging, our team will guide you through the application process.
A property valuation is conducted to determine the value of the property you’re purchasing. This helps determine the loan amount.
Once your application is approved, you’ll receive an offer detailing the loan terms, interest rates and repayment schedule.
Legal documents are prepared and both parties sign the agreement.
After completing the legal process, the loan funds are disbursed, allowing you to purchase the property.
You repay the bridging loan, usually within a short-term period, which can range from 3 to 24 months.
In the field of property acquisition, bridging loans offer a valuable solution for those seeking to buy a house swiftly, navigate auction purchases, manage property chains or finance renovations. Alternative Bridging provides a range of bridging loan solutions, including Regulated Bridging Loans, Residential Bridging Loans, Commercial Bridging Loans and Light Refurbishment Bridging Loans.
Our commitment to service excellence and flexible lending options ensures that your property finance needs are met effectively.
If you’re considering using a bridging loan to buy a house or exploring other property finance options, don’t hesitate to reach out to our team of experts at Alternative Bridging Corporation. We’re here to assist you in making informed financial decisions and turning your property dreams into reality.
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