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Alternative Bridging Corporation logo

Alternative Bridging Corporation

Property Lending Simply, Swiftly.

BridgingDevelopmentFCA regulated

Max LTV

70%

Interest from

0.70% pcm

Loan size

£200,000–£10m

Term

3 months–5 years

Charges

1st and 2nd

Areas

England, Wales and Scotland

Who they are

At Alternative Bridging Corporation, we have been providing specialist lending to the property industry, business community and homeowners for more than 30 years. We use our experience and expertise to help an increasing number of brokers and their clients. We have a resolute focus on maintaining a short chain of command, with all directors and executives under one roof. This means we are able to make swift decisions, while also making it possible to take on and consider more complex cases, and we can often provide an alternative solution even when other lenders have said “no”.

Their ethos

Collaboration is a core part of our ethos. This means many brokers choose to work with us again and again – building a long-term relationship that can help to make the process swift and simpler. Collaboration also assists with our product development, keeping brokers and their clients front of mind when developing and enhancing products. We have a range of bridging loans, refurbishment loans and development finance loans to suit every need. Innovative solutions to target specific borrower needs include our drawdown facility, the Alternative Overdraft and PartX Property Finance, a pre-approved, part-exchange facility for developers.

What they specialise in

Alternative Bridging provides bridging and development finance for commercial and residential assets to owner-occupiers and investors. We have been working with our broker partners to satisfy the widest community possible for over 30 years. This has been achieved by developing products such as the Alternative Overdraft.

Meet the team

Contact

2 Imperial Place, Maxwell Road, Borehamwood, WD6 1JN

www.alternativebridging.co.uk

hello@alternativebridging.co.uk

Lending criteria

Funding model
Shareholders and bank lines
FCA regulated
Yes
Fixed/variable interest
Both
Treatment of interest & default interest
Retained or serviced; default interest by agreement
Sectors
Residential, commercial, development, and regulated loans
Max LTGDV
70%
Max LTC
90%
Min property value
£100,000
Valuation retypes
Yes
Rental calculations & exposure
N/A
Types of valuation accepted
Standard and AVM
New builds
Yes
Heavy refurb
Yes
Grade listed buildings
Yes
Green/sustainable product
No
Planning permission needed
Yes
Commission rate
By agreement
Associations/charters
NACFB and BDLA
Types of landlords accepted
Any
Upfront fees
No
Broker portal
Yes
Early redemption charges
No
Investment
Yes
Owner occupied
Yes
Electronic signatures accepted
Yes
Lending on land
No

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Lender information courtesy of The Lender Index by Bridging & Commercial.

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