£10m completion month for Alternative Bridging
Alternative Bridging Corporation announced one of its busiest periods to date, with the number of loan completions skyrocketing to more than £10 million in a four-week period.
The completions took place at the end of July and the beginning of August. Loans were secured on a range of properties including a £1.5 million residential development finance deal in Middlesex.
Brian Rubins, Managing Director of Alternative Bridging, said:
“We are extremely pleased to have been able to facilitate so many deals in such a short space of time.
“It demonstrates how useful it is for borrowers and their advisers to have access to a well-funded, flexible and resourceful lender with a short chain of command which can efficiently originate a wide range of loans.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
FCA
FCA sets out timeline for mortgage rule changes
Santander
Santander joins mortgage price war with new rates from 3.51%
Inflation
Bank of England set to cut rates as inflation falls to eight-month low
This week's biggest stories:
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
FCA
FCA sets out timeline for mortgage rule changes
Santander
Santander joins mortgage price war with new rates from 3.51%
Inflation
Bank of England set to cut rates as inflation falls to eight-month low
Nationwide
FCA fines Nationwide £44m for inadequate financial crime controls
Bank Of England
Bank of England cuts interest rates to 3.75% in tight 5-4 vote