Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.

Alternative Bridging Corporation Launches Alternative Commercial Mortgages

Alternative Bridging Corporation has launched a subsidiary, Alternative Commercial Mortgages (ACM), offering long-term commercial mortgage products to brokers and their clients across commercial, semi-commercial and residential buy-to-let properties.

ACM's products are available for purchase, refinance and capital raising, with terms of five to 30 years and loans of up to 75% loan-to-value (LTV).

Product Range and Property Types

The range includes fixed and discounted variable-rate options, plus interest-only repayment. The products cover offices, industrial and warehouse units, retail and mixed-use premises, and residential investment properties.

ACM is targeting property investors and commercial owner-occupiers looking for longer-term funding.

Broker Support

Brokers will have access to an ACM broker portal to submit and manage cases and support clients throughout the application process. A team of regionally based IBDMs will work with brokers from application through to drawdown.

Jonathan Rubins, director & chief commercial officer at Alternative Bridging Corporation, said commercial-term lending doesn't need to be complicated, noting that brokers can face numerous product options and conditions that make it hard to establish quickly what a lender can and cannot do for their client.

He said ACM has been designed to remove as much of that complexity as possible, combining straightforward product options with flexible underwriting and clear communication. He added that ACM is bringing the same practical, case-by-case approach brokers know from Alternative Bridging into longer-term commercial lending, giving brokers a simpler way to place commercial loans, backed by people who understand property and property finance.

What This Means for Agents and Clerks

For letting agents and inventory clerks, the entry of a new lender into long-term commercial and semi-commercial lending, including residential investment property, could broaden the funding options available to landlords and investors in the properties they manage. The covered property types, spanning offices, industrial and warehouse units, retail, mixed-use premises and residential buy-to-let, reflect the mixed portfolios many agents and clerks encounter across the UK.