Pictured above left, Jordan Fearnley, joint CEO at Albatross Capital and Lewis Casserley, joint CEO at Albatross.

Albatross launches revamped re-bridge product

Albatross has launched a revamped rebridging product for loans up to £1m.

The Rebridge Revamped product is available with an LTV of up to 75% with rates from 0.99% pcm, with no upfront costs to borrowers.

The product will rely on the original report, without a readdressed version, with legal undertaking costs being deducted from the loan upon completion.

Additionally, the product can be combined with the lender’s 48-hour rescue bridge for tight timeframes.

The Rebridge Revamped only applies to residential and mixed-use security assets.

Lewis Casserley, CEO at Albatross, commented: “Re-bridging has become an inevitable scenario for many borrowers as the credit climate has toughened, yet it is still often perceived negatively and at the expense of the borrower.

“This tailored product exemplifies our dedication to pushing boundaries, fostering growth, and making meaningful impact across the sector."

Pictured above left, Jordan Fearnley Brown, co-founder and principal at Albatross Lending Group and Lewis Casserley, co-founder and principal at Albatross Lending Group.

Leave a comment