Cambridge & Counties Bank has announced the promotion of Stephen Parr to head of bridging finance, a strategic move aimed at enhancing its lending capabilities in this sector. Parr, who has been with the bank since 2020, will lead efforts to provide clients with access to significant funding for various property types.
TL;DR: Stephen Parr is now the head of bridging finance at Cambridge & Counties Bank; clients can secure up to £5 million for property investments over 24 months.
Who is Stephen Parr?
Stephen Parr has been instrumental in the growth of Cambridge & Counties Bank since joining as a relationship manager in 2020. His recent role as a senior business development manager has equipped him with the expertise to lead the bank’s bridging finance division effectively. He will work closely with Andrea Calverley, a senior lending officer who joined the bank in March 2026, ensuring robust support for clients seeking bridging finance solutions.
What is Bridging Finance?
Bridging finance serves as a short-term loan option for property purchases, allowing borrowers to secure funding quickly, often used in scenarios where time is of the essence. At Cambridge & Counties Bank, clients can access up to £5 million for commercial, residential, or mixed-use properties with a maximum term of 24 months. This flexibility is particularly beneficial for landlords and investors looking to seize opportunities in a competitive market.
What This Means for Borrowers and Investors
The appointment of Parr signals a commitment by Cambridge & Counties Bank to strengthen its bridging finance offerings. For landlords and property investors, this means more streamlined access to substantial funding, which can facilitate quicker transactions and potentially higher returns on investment. As the market evolves, borrowers should keep an eye on how this leadership change might influence lending terms and availability in the bridging finance sector.
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, up to £5 million per property.
How long can I take out a bridging loan for?
Bridging loans at Cambridge & Counties Bank are available for a maximum term of 24 months, providing flexibility for various investment needs.