There are several reasons why someone might choose to use an alternative development finance lender in the UK, rather than a traditional lender such as a bank or building society.

1. Flexibility: Alternative lenders can offer more flexibility than traditional lenders when it comes to structuring loans. They can often tailor their lending criteria to the needs of the borrower,allowing them to fund more complex or unconventional projects.

2. Speed: Alternative lenders can often provide funding much more quickly than traditional lenders. They are generally more nimble and have fewer bureaucratic hurdles to navigate,which means they can provide funds in a shorter time frame.

3. Accessibility: Some borrowers may find it difficult to secure funding from traditional lenders,particularly if they have a less-than-perfect credit history or are looking to fund a non-standard project. Alternative lenders may be more willing to consider such borrowers and can provide financing where traditional lenders cannot.

4. Competitive rates: Despite their higher risk profile, alternative lenders can often offer competitive interest rates and terms, particularly for borrowers with strong credit histories or for well-structured projects.

5. Specialist expertise: Alternative lenders often have specialist knowledge and expertise in particular sectors, such as real estate or renewable energy. This means they can provide tailored advice and support to borrowers, helping them to structure their projects and manage their finances more effectively.

Overall, using an alternative development finance lender in the UK can offer a range of benefits to borrowers, particularly those looking for flexibility, speed, accessibility, competitive rates, and specialist expertise