Our Guide To Second Charge Lending
2nd Charge Lending products have become increasingly popular in the current, tough lending market. Many borrowers who are still on first charge products at attractive rates are choosing to raise capital behind this as a second charge, allowing them to keep their blended interest rate lower. 2nd charge loans allow the second lender to sit […]
Common Causes of Delay in Completion and How To Avoid Them
In the fast-paced world of lending, delays in completion can be detrimental to both borrowers and lenders alike. At Albatross, we understand the importance of efficiency and timely execution. That’s why we’ve compiled a list of common causes of delay in completion and actionable steps to avoid them. By addressing these issues proactively, you can […]
How To Refinance A Bridging Loan: Re-Bridge!
Introducing the Re-Bridge… re-vamped! Given the current, tougher credit climate, re-bridges have become increasingly popular with borrowers. However, they can be difficult to obtain. To support our clients and our ambition to keep passing the entrepreneurial torch, we’re pleased to launch Albatross’ Re-bridge… Re-vamped! Re-bridges are often used by clients who have previously taken out […]
Your Comprehensive Guide To Refurbishment Finance
Whether you’re planning to carry out light internal work or heavier construction-based refurbishments, Refurbishment Finance is a lending opportunity designed to support your projects. What is Refurbishment Finance? Refurbishment Finance – often referred to as a refurbishment mortgage, refurbishment loan or renovation mortgage – is a short-term loan used to fund light or heavy development […]
Auction Finance – Explained Simply
Purchasing property at auction requires expertise, speed and the ability to be flexible, especially when you have a short window in which to complete your purchase. What is Auction Finance? Auction Finance is a form of bridging loan provided by specialist lenders that can be used to purchase a property at auction, allowing a sale […]
Albatross 48-hour rescue bridge enquiries sees 72% spike
Hinting at a tougher credit market, Albatross reports a 72% spike in enquiries for its 48-hour rescue bridge product in Q1 of 2024 compared with the final quarter of last year and a 52% increase against the same quarter in 2023. The majority of the enquiring brokers have advised that enquiries are being driven by […]