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Alternative Bridging brings back overdraft product

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  • 03/11/2020
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Alternative Bridging brings back overdraft product
Alternative Bridging Corporation has reintroduced its alternative overdraft product with lower rates than its previous offering.

 

The product is a flexible loan facility which delivers funds within 24 hours and allows borrowers to withdraw, repay or reduce funds when they need toInterest is only charged when funds are used. 

It can be taken out as a first or second charge on either a commercial or residential property. Loan terms are from 12 to 24 months, with a minimum loan size of £250,000.

The maximum loan to value (LTV) is 65 per cent and interest starts from 0.85 per cent a month.  

Jonathan Rubins (pictured), director at Alternative Bridging Corporation, said the product provided the peace of mind of being able to quickly access liquidity when it is needed, without additional charges or delay.  

“It’s particularly useful in a competitive environment, providing investors, developers and entrepreneurs fast and efficient access to capital. 

 

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