Fixed rates on residential investment bridging loans start at 0.64% with maximum loan sizes of £3m and facilities at up to 75% loan to value available. Commercial bridging loans start at 1.09% with lending up to £5m and a maximum of 65% LTV.
In addition, when customers are ready to exit their bridging loan, the Bank’s bridge to term offering enables them to switch to a residential or commercial product for long term funding. This is available across the Bank's range of award-winning residential and commercial mortgages, with the benefit of a speedy, straightforward exit.
Aldermore’s bridging proposition is headed up by Rob Barnard, Head of Intermediary Distribution.
Charles Haresnape, Group Managing Director, Mortgages, Aldermore said:
“As part of our commitment to the bridging market, we are offering free valuations on all applications. We provide fast and flexible short-term finance that bridges the gap while longer term financing can be secured. We offer short term finance and long term support.”
For further enquiries, journalists can contact:
Nicola York, Cicero
Phone: 0207 297 5965 / 07841 864 107
Notes to Editors:
For further information about Aldermore, our financial backers and our PR contacts, please review our Notes to Editors page.