Cambridge & Counties Bank has appointed Stephen Parr as the head of bridging finance, a significant move that could enhance the bank’s offerings in this sector. Parr, who has been with the bank since 2020, will be supported by Andrea Calverley, a senior lending officer who joined in March 2026. This leadership change is poised to strengthen the bank’s position in the bridging finance market, which is important for borrowers needing quick access to funds.
Who is Stephen Parr?
Stephen Parr has been with Cambridge & Counties Bank since 2020, starting as a relationship manager before advancing to senior business development manager in January 2024. His extensive experience in the banking sector positions him well to lead the bridging finance division, which caters to clients needing rapid funding solutions.
What is Bridging Finance?
Bridging finance is a short-term loan designed to bridge the gap between the purchase of a new property and the sale of an existing one, or to fund property renovations. At Cambridge & Counties Bank, borrowers can access loans of up to £5 million for commercial, residential, or mixed-use assets, with terms extending up to 24 months. This type of finance is particularly beneficial for landlords and property investors looking for quick funding solutions.
What This Means for Borrowers and Investors
The appointment of Parr could enhance the bank’s bridging finance offerings, making it more accessible for landlords and property investors who require quick turnaround times. With the ability to secure significant funding amounts, borrowers may find more flexible options for property purchases or renovations. Investors should keep an eye on how this leadership change impacts service delivery and loan processing times at Cambridge & Counties Bank.
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.