Alternative Bridging Corporation has relaunched three- and five-year term loans, without early repayment charges.  

The specialist lender says the product is set at up to 70% loan to value, with a maximum loan size of £4m.  

It adds that the offer gives borrowers the “flexibility they need to refinance onto a longer term if they find a rate that proves attractive”.   

The business says it takes “a bespoke approach” to every lending case and, where appropriate offers “one-to-one debt servicing ratio cover”.  

Its loans are suitable for the property industry and other businesses, to support new and growing firms, for asset management, or to release working capital. They can be used for purchase, refinance and property improvement.    

Loans can be structured to match cashflow, including special arrangements for interest to be accrued when property income has not yet stabilised.  

Alternative Bridging Corporation director Jonathan Rubins says: “There is much speculation that interest rates may have peaked and the mortgage price war in the mainstream market would certainly suggest this.   

“The truth is, however, that nobody knows what will happen in the future.

“Some borrowers opt for bridging to buy time to see what will happen, but a term loan from a specialist lender like Alternative Bridging is the sensible middle ground between a bridge and a longer-term lender, particularly when there are no early repayment charges, as is the case with our term loan.”