Tuesday, December 5, 2023
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Alternative Bridging Corporation has reintroduced its term loan, now featuring no early repayment charges enhancing flexibility for borrowers.
The NACFB Patron’s loan, available for three to five-year terms, offers up to a maximum LTV of 70% and a maximum loan size of £4 million. This revamped product allows borrowers to refinance to longer terms without penalty if attractive rates arise.
Jonathan Rubins, Director at Alternative Bridging, commented on the uncertain interest rate landscape, noting the term loan's middle ground position between bridging and long-term lending. The removal of early repayment charges aims to provide borrowers with security against future rate fluctuations and opportunities to switch to longer-term products without incurring significant fees.
Call Trinity Specialist Finance to secure a bridging loan on 020 7016 6151 or book a consultation
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