Ultimate Finance and Aldermore update product ranges

Ultimate Finance and Aldermore Bank have revised their specialist finance product ranges.

Ultimate Finance

Ultimate Finance has increased the maximum loan size across all its products, and has simplified lending criteria across its structured finance proposition.

The lender now offers: 

  • bridging facilities up to £3m
  • asset finance up to £1.5m
  • structured finance up to £10m
  • invoice finance up to £7m
  • cashflow loans up to £1.5m as part of a structured finance facility

In particular, the enhanced structured finance proposition will provide joined up multi-asset funding solutions against a mix of receivables, assets, property and cashflow lending, delivered through a single point of relationship contact. 

Josh Levy, CEO at Ultimate Finance, said: “As we continue to focus on the profitable growth of our loan book, which reached £280m at the end of 2021, we will be executing our plans for scaling the business and allowing us to support ever larger parts of our lending markets. 

“It's pleasing to have the opportunity to increase our maximum loan sizes across each of our funding solutions and with strong future ambitions and significant funding in place from Tavistock Group and our wholesale funders, we look ahead with confidence about further increases as we grow.

“We remain focused on ensuring we stay true to the four key aspects of our structured finance proposition – speed, flexibility, simplicity and personal service. 

“We believe that increasing our maximum facility size will allow us to support the ambitions of even more SMEs with flexible working capital solutions and our approach to providing our clients with a dedicated relationship manager ensures they can fully utilise their facility to deliver on those ambitions.”

Nick Haggitt, sales director at Ultimate Finance, added: “With our increased facility size of £10m for structured finance deals, we are in a strong position to support more businesses, working in partnership with our introducers, and we have proven that our dedicated deal team approach can quickly and flexibly deliver essential funding to businesses, whether the requirement is event-driven or for general growth purposes.”

Aldermore Bank

Aldermore Bank has launched a new ground rents finance proposition, aimed at experienced owners or operators of freehold ground rent portfolios and assets.

The new product offers an alternative solution to property owners, allowing them to release value from their real estate while still controlling the asset.

It offers loans between £1m and £20m at up to 60% LTV, on flexible repayment terms up to 10 years.

John Carter, commercial director for commercial real estate at Aldermore Bank, said: “We’re excited to launch our ground rents finance product, which will support a range of clients either seeking to acquire residential ground rent assets or use their freehold real estate assets as a financial resource, creating liquidity to seize new development or investment opportunities. 

“Aldermore has a unique approach to lending, and every case is individually assessed by specialists with sector expertise and bespoke pricing and terms.”

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