https://www.thelandsite.co.uk/files/articles/74aec72351eb11ec99a30afeec538f48/2092-61c44c2f8acaf276810778.jpeg 151

Buckinghamshire ALTERNATIVE Overdraft

Published by Alternative Bridging Corporation -

title

  • Location - Buckinghamshire
  • Loan Type - ALTERNATIVE Overdraft
  • Value - £2,000,000

A developer client had assembled a series of adjoining residential development sites with the first under construction, the second with outline planning permission granted and a third shortly to be acquired.

At a time when clearing banks are restricting their support, the developer required working capital to invest in the second and third sites, ensuring they were development ready, providing continuity on completion of the first project.

Not all of the funds were needed immediately so an ALTERNATIVE Overdraft secured by the second site perfectly satisfied the requirement with an initial loan and further drawdowns, as and when required.

Being able to repay and redraw time and time again provided the flexibility needed by the borrower, similar to that provided by a clearing bank facility with interest only charged on the balance outstanding from time to time.


Rinal Rodrigues

Alternative Bridging Corporation is a principal lender, offering the widest range of short and mid-term products, to the property industry and business community as well as bridging loans to homeowners. We can lend regulated and non-regulated loans up to £10M

Link to Alternative Bridging Corporation business profile

25th June 2025
Easing BNG Rules: What proposed Government changes mean for SME developers
 The Labour government is currently reviewing the Biodiversity Net Gain (BNG) requirements posing challenges for smaller housebuilders across England
Read more
13th June 2025
West One’s Holiday-Let Mortgages: Flexibility Meets Opportunity
The UK holiday-let market has seen strong growth, with mortgage deals rising by 23% from 362 in August 2023 to 445 in August 2024
Read more
15th May 2025
Understanding UK Revolving Credit: Flexible Finance for Brokers and Their Clients
Read our blog on revolving credit and how it works in practice
Read more