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.

[tds_create_account btn_bg_h="#000000" f_text_font_family="global-2_global" show_version="" tdc_css="eyJhbGwiOnsiYm9yZGVyLXJhZGl1cyI6IjUiLCJkaXNwbGF5IjoiIn19"]

Latest articles

Royal London pays income protection claim before customer pays first premium

Royal London has paid an income protection claim to a customer who became unable...

Novello joins OPDA as it prepares AI-led surveying platform

Novello Chartered Surveyors has joined the Open Property Data Association as the surveying firm...

Virgin Money raises selected mortgage rates and launches new 60% LTV deals

Virgin Money is increasing selected residential and buy-to-let rates from 16 September while withdrawing...

Clydesdale to raise residential product transfer rates by up to 0.20%

Clydesdale will increase selected residential product transfer fixed rates from Wednesday 16 September. The lender...

FCA bans former law firm manager over £28m client money case

The FCA has banned a former law firm manager from working in financial services...

Latest publication

Other news

Royal London pays income protection claim before customer pays first premium

Royal London has paid an income protection claim to a customer who became unable...

Novello joins OPDA as it prepares AI-led surveying platform

Novello Chartered Surveyors has joined the Open Property Data Association as the surveying firm...

Virgin Money raises selected mortgage rates and launches new 60% LTV deals

Virgin Money is increasing selected residential and buy-to-let rates from 16 September while withdrawing...