“Prime’s competitive terms will enable mortgage brokers to complete proposals they would otherwise lose…”
02 May 2014
NEWS RELEASE
“Prime’s competitive terms will enable mortgage brokers to complete proposals they would otherwise lose…”
London, May 2014.
Alternative Bridging, the North London based lender, has announced lower interest rates for commercial and residential property loans with its Prime Programme which is released immediately for first and second mortgages for loans up to £15m.
Interest rates for the Prime programme are from 0.75% per month with LTVs of up to 75% for regulated loans and 65% for loans on office, retail, industrial and residential investments. Loans periods are up to 24 months.
Brian Rubins, Managing Director of Alternative Bridging said: "Our intention is that Prime’s competitive rates and terms will enable mortgage brokers to attract and convert quality proposals they would otherwise lose at prevailing market rates”.
Prime complements AB’s existing loan programmes all of which are improved with larger loans, clearer underwriting criteria and a strengthened drawdown team.
Brian Rubins explained, “We will continue to unravel the more challenging situations. This is where we have established our reputation and with our depth of understanding of property and property people we will maintain this focus throughout the extended programme.”
Contact us today
Contact our decision makers directly, the better alternative:
Jonathan Rubins
020 8349 5194
jonathan@alternativebridging.co.uk
Paul Goodman
07712 184 787
paul@alternativebridging.co.uk
Mike Jones
07825 794 448
mike@alternativebridging.co.uk
Lawrence Burgess
07963 183 058
lawrence@alternativebridging.co.uk
