Alternative Bridging boosts commercial lending with refreshed bridging offer

Published on

Alternative Bridging Corporation has enhanced its commercial bridging proposition with a series of updates aimed at delivering greater flexibility and borrower leverage across a broader range of property transactions.

The specialist lender now offers commercial bridging loans of up to 70% loan-to-value (LTV), calculated on open market value with vacant possession. The move is intended to support brokers in arranging higher leverage deals for clients looking to acquire, refinance or reposition commercial assets.

The lender has also introduced stepped rates, allowing borrowers to manage interest costs more effectively across the loan term.

According to the lender, the changes are part of its strategy to support brokers in aligning finance with their clients’ strategic goals, and to respond more dynamically to changing market demands.

Stephen Meller (pictured), director at Alternative Bridging Corporation, said the update reflected the firm’s ongoing commitment to practical, experience-led lending.

“We’ve enhanced our commercial bridging range to provide more opportunities to secure the right funding solution for their commercial clients,” he said.

“The increased maximum LTV gives borrowers greater capacity to realise their plans. It’s part of our ongoing focus on listening to the market and delivering practical lending solutions that work.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...

FCA finds protection market delivering good outcomes, says TPFG

The Property Franchise Group PLC (TPFG) has responded to the publication of the Financial...

Conditional selling remains industry flashpoint as enforcement lags

Conditional selling remains one of the most persistent and contentious issues facing the UK...

Latest publication

Other news

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...