The lender said it will offer commercial bridging loans up to 70% LTV, based on open market value (OMV) with vacant possession.
Alternative Bridging said this would give brokers “greater flexibility to secure greater leverage for their clients”.
The company added that it would introduce stepped rates to its commercial bridging proposition.
Alternative Bridging said this would give customers “more control over how they manage costs across the term of the loan”.
The firm noted that these changes, along with its competitive pricing and a tailored underwriting approach, would make the proposition “well-suited to clients with complex or time-sensitive requirements”.
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Alternative Bridging added that the changes reflected its “focus on delivering responsive, experience-led lending solutions that adapt to the needs of the market”.
Stephen Meller, director at Alternative Bridging, said: “We’ve enhanced our commercial bridging range to provide more opportunities to secure the right funding solution for their commercial clients.
“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.”
Earlier this month, the firm reduced its development finance rates.
