Bridgewater Acceptances, based in Northern England, is now offering a three-year fixed rate commercial loan that boasts rates of up to 65 per cent on loan sizes of anything up to £1.5 million.

The funder also announced a brand new three-year fixed-rate bridging product, from 1.2 per cent on LTVs up to 65 per cent and up to 75 per cent for shorter term enquiries.

Speaking on the new product, Jordana Rashman, Director at Bridgewater Acceptances, said: “We have launched the new three-year commercial fixed-rate, due to the demand that exists in the commercial market for this type of product - businesses can now to plan their cash flows safe in the knowledge that their monthly payments are fixed in a time when rates can only increase.”

Commenting on the introduction of a new bridging product, Ann Levine, BDM at Bridgewater Acceptances, said:  “We feel the new three-year fixed bridging loan will benefit new start ups, and those businesses who are building back up their balance sheets and credit - and just require a longer facility than the normal 6/12 month bridge term, so they can refinance back in to the high street without being under pressure.”

After a year of successful growth, the funder has become synonymous with being able to provide credit to borrowers in some of the more obscure areas of the country. Bridgewater provides loans in England, Wales and all parts of Scotland, and now – Northern Ireland. The company exclusively told Bridging & Commercial about a recent deal involving a guest house within a tiny village on the Orkney Islands – a place most lenders would not even consider a viable option.

Bridgewater also exclusively revealed that it is working with a number of other unnamed bridging lenders to assist their clients in discharging their current loans, by providing a long term refinancing facility or a brand new bridge altogether. 
This is in order to stop the client from incurring further charges for not paying a loan back by the due date, or even repossession which many companies actively avoid and in most cases, consider it the very last resort.

Jordana added:  “Although we may be small in stature we do have big hearts and a big appetite to increase business in niche areas, we consider all difficult cases and look to help those who can`t help themselves.”

Speaking on branching out into Northern Ireland, Ann added: “The reason Bridgewater is so keen to have a presence in Northern Ireland is we feel there is a big demand for the type of funding we offer in a market place currently not being serviced by the English lenders, and with the type of product range we hope to offer based on sensible underwriting and LTVs we feel it will be a niche area for us.”