Cambridge & Counties Bank has appointed Stephen Parr as the new head of bridging finance, a move that underscores the bank’s commitment to expanding its lending capabilities in this sector. Parr, who has been with the bank since 2020, will work alongside Andrea Calverley, a senior lending officer who joined the team in March 2026. This leadership change is significant for landlords and investors seeking flexible financing options.
Who is Stephen Parr?
Stephen Parr has been a key player at Cambridge & Counties Bank since 2020, initially serving as a relationship manager and later as a senior business development manager. His promotion to head of bridging finance reflects his extensive experience and understanding of the lending market, which is important for navigating the complexities of bridging loans.
What is Bridging Finance?
Bridging finance is a short-term loan option designed to provide quick funding for property purchases. Cambridge & Counties Bank offers loans up to £5 million for commercial, residential, or mixed-use assets, with terms extending up to 24 months. This type of financing is particularly appealing for landlords and property investors looking to secure properties quickly without the lengthy processes associated with traditional mortgages.
What This Means for Borrowers and Investors
The appointment of Parr signals a robust approach to bridging finance, potentially enhancing the bank’s offerings for those in need of swift capital. Landlords and investors can expect more tailored solutions that address their urgent financial needs, particularly in a market where speed can be critical for securing property deals. With the backing of a dedicated team, borrowers may find improved service and more flexible terms.
Frequently Asked Questions
What types of properties can I finance with bridging loans?
You can finance commercial, residential, or mixed-use properties with bridging loans from Cambridge & Counties Bank.
How long can I take out a bridging loan for?
Bridging loans at Cambridge & Counties Bank can be taken out for a maximum term of 24 months.