Cambridge & Counties Bank has announced the promotion of Stephen Parr to the position of head of bridging finance, a move that underscores the bank’s commitment to enhancing its bridging finance offerings. Parr, who joined the bank in 2020, will be supported by Andrea Calverley, a senior lending officer who joined the team in March 2026. This leadership change is significant for borrowers and investors seeking flexible financing solutions in the current property market.
TL;DR: Stephen Parr has been promoted to head of bridging finance at Cambridge & Counties Bank; this leadership change aims to strengthen support for clients accessing up to £5 million for property financing.
Who is Stephen Parr?
Stephen Parr has been with Cambridge & Counties Bank since 2020, initially serving 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 is important for clients needing quick access to funds for property purchases.
What is Bridging Finance?
Bridging finance is a short-term loan option designed to bridge the gap between the purchase of a new property and the sale of an existing one. It is particularly useful for landlords, investors, and property developers who require immediate funding for commercial, residential, or mixed-use assets. At Cambridge & Counties Bank, clients can secure loans of up to £5 million for terms of up to 24 months, making it a flexible choice for those in need of quick capital.
What this means for borrowers and investors
The appointment of Parr as head of bridging finance signals a renewed focus on customer service and product development at Cambridge & Counties Bank. Borrowers and investors can expect enhanced support and potentially more tailored financing solutions as the bank seeks to expand its bridging finance portfolio. This change is particularly relevant for those looking to capitalise on property opportunities in a dynamic market.
Frequently asked questions
What types of properties can be financed through bridging loans?
Bridging loans can be used for commercial, residential, or mixed-use properties, allowing flexibility for various investment strategies.
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 short-term financing solutions.