BESPOKE BRIDGING LOAN

& SHORT TERM LENDER

NON-STATUS

BRIDGING LOANS

KNOWLEDGE BASE

Non-status   bridging   loans   can   be   an   invaluable   tool   in   the   armoury   of   property   developers   and   investors   allowing   them   to   borrow   large   sums   of money very quickly, thereby taking advantage of real estate opportunities that might otherwise pass them by. They   can   be   arranged   for   all   types   of   commercial   and   residential   property   but   what   exactly   is   a   non-status   bridging   loan   and   how   does   it   vary   from   a standard short-term bridging loan? In   simple   terms   a   Non-status   loan   is   one   where   the   primary   focus   of   the   lender   is   on   the   value   of   the   security.   Status   refers   to   the   amount   of   financial information   an   applicant   is   able   to   produce   to   support   their   application   and   although   non-status   does   not   necessarily   mean   that   an   applicant   has credit   problems,   it   does   allow   a   loan   application   to   be   assessed   with   a   strong   focus   on   the   value   of   the   security   and   the   borrowers   proposed exit/redemption strategy. Whilst   some   non-status   bridging   loans   can   be   serviced   with   regular   monthly   payments   many   are   not,   with   interest   paid   up   front   out   of   the   loan proceeds   and   repaid   in   full   when   the   loan   is   redeemed.   This   structure   allows   the   bridging   lender   to   place   less   of   an   emphasis   on   affordability   and gives applicants the opportunity to invest in potentially profitable real estate projects that might otherwise be beyond their reach. During   the   purchase   of   property,   land   or   a   business   there   are   many   things   that   can   go   wrong   and   a   non-status   bridging   loan   can   often   be   the   answer when   this   happens.   In   the   case   of   property   development   projects,   a   non-status   loan   can   be   an   invaluable   tool   for   a   developer   to   purchase   property pending   a   planning   application.   Many   investors   and   developers   don’t   have   substantial   cash   flow   income,   but   a   non-status   loan   will   allow   them   to leverage   their   assets   to   complete   a   purchase.   Once   the   property   has   been   secured   they   can   gain   the   required   planning   consent   and   switch   to   a mainstream development loan. Non-status bridging loans can be arranged for all types of commercial and residential property including: Property development Auction Purchases Land (with or without planning permission) Refurbishment, renovation and conversion projects. Refinancing existing investments Whilst   non-status   loans   are   often   used   by   applicants   with   limited   financial   history   or   information   as   opposed   to   adverse   they   can   also   be   used   by clients   that   have   experienced   financial   difficulties   such   as   County   Court   Judgements   (CCJs)   or   even   bankruptcy.   In   these   circumstances   bridging lenders will be less concerned with the clients past and more focussed on the strength of the security and the client’s positive plans for the future. Non-status   bridging   loans   will   typically   be   offered   at   slightly   lower   loan   to   values   (LTV)   than   a   loan   that   has   been   fully   status   assessed.   They   will   also tend   to   attract   slightly   higher   rates   than   standard   bridging   loans   but   the   opportunities   they   offer   to   clients   who   would   otherwise   be   unable   to   borrow more than outweigh these minor negatives. They play a key role in driving the property market. Still unsure and need to explore your options? Why not consult an expert? Central   Bridging   are   bridging   loan   specialists   with   a   great   track   record.   We   are   a   principal   lender   offering   a   range   of   loan   facilities   for   business   use from   £250K   to   £50M   over   periods   from   3   to   24   months.   We   can   also   offer   medium-term   Base   Rate   Tracking   loans   from   2-5   years   duration.   Our   loans are secured on freehold property across England and Wales. You will always speak to a decision maker who will take time to understand you and your situation. For a confidential discussion in the first instance contact us on:   Tel 03332 400 506   Email enquiry@centralbridging.co.uk Online
Central Bridging, 34 Queen Anne Street, London, W1G 8HE Tel: 03332 400 506   Email: enquiry@centralbridging.co.uk   Web: www.centralbridging.co.uk Central Bridging is a trading style of Central Bridging Loans Ltd. Registered in England & Wales | Company Registration Number 07728274. Central Bridging is not regulated by the Financial Conduct Authority (FCA). All loans arranged by Central Bridging are non regulated contracts as defined under The Financial Services and Markets (Regulated Activities) Order 2001 and the Financial Service and Markets Mortgage Credit Directive Order 2015. © Copyright Central Bridging Loans Limited Privacy Policy
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BESPOKE BRIDGING LOAN

& SHORT TERM LENDER

Non-status   bridging   loans   can   be   an   invaluable   tool   in   the   armoury   of property    developers    and    investors    allowing    them    to    borrow    large sums   of   money   very   quickly,   thereby   taking   advantage   of   real   estate opportunities that might otherwise pass them by. They    can    be    arranged    for    all    types    of    commercial    and    residential property   but   what   exactly   is   a   non-status   bridging   loan   and   how   does it vary from a standard short-term bridging loan? In   simple   terms   a   Non-status   loan   is   one   where   the   primary   focus   of the   lender   is   on   the   value   of   the   security.   Status   refers   to   the   amount of   financial   information   an   applicant   is   able   to   produce   to   support their   application   and   although   non-status   does   not   necessarily   mean that   an   applicant   has   credit   problems,   it   does   allow   a   loan   application to   be   assessed   with   a   strong   focus   on   the   value   of   the   security   and the borrowers proposed exit/redemption strategy. Whilst   some   non-status   bridging   loans   can   be   serviced   with   regular monthly   payments   many   are   not,   with   interest   paid   up   front   out   of the   loan   proceeds   and   repaid   in   full   when   the   loan   is   redeemed.   This structure   allows   the   bridging   lender   to   place   less   of   an   emphasis   on affordability     and     gives     applicants     the     opportunity     to     invest     in potentially    profitable    real    estate    projects    that    might    otherwise    be beyond their reach. During   the   purchase   of   property,   land   or   a   business   there   are   many things   that   can   go   wrong   and   a   non-status   bridging   loan   can   often   be the   answer   when   this   happens.   In   the   case   of   property   development projects,   a   non-status   loan   can   be   an   invaluable   tool   for   a   developer to   purchase   property   pending   a   planning   application.   Many   investors and   developers   don’t   have   substantial   cash   flow   income,   but   a   non- status    loan    will    allow    them    to    leverage    their    assets    to    complete    a purchase.    Once    the    property    has    been    secured    they    can    gain    the required   planning   consent   and   switch   to   a   mainstream   development loan. Non-status   bridging   loans   can   be   arranged   for   all   types   of   commercial and residential property including: Property development Auction Purchases Land (with or without planning permission) Refurbishment, renovation and conversion projects. Refinancing existing investments Whilst    non-status    loans    are    often    used    by    applicants    with    limited financial   history   or   information   as   opposed   to   adverse   they   can   also be   used   by   clients   that   have   experienced   financial   difficulties   such   as County     Court     Judgements     (CCJs)     or     even     bankruptcy.     In     these circumstances   bridging   lenders   will   be   less   concerned   with   the   clients past    and    more    focussed    on    the    strength    of    the    security    and    the client’s positive plans for the future. Non-status    bridging    loans    will    typically    be    offered    at    slightly    lower loan   to   values   (LTV)   than   a   loan   that   has   been   fully   status   assessed. They    will    also    tend    to    attract    slightly    higher    rates    than    standard bridging   loans   but   the   opportunities   they   offer   to   clients   who   would otherwise    be    unable    to    borrow    more    than    outweigh    these    minor negatives. They play a key role in driving the property market. Still   unsure   and   need   to   explore   your   options?   Why   not   consult   an expert? Central   Bridging   are   bridging   loan   specialists   with   a   great   track   record. We    are    a    principal    lender    offering    a    range    of    loan    facilities    for business   use   from   £250K   to   £50M   over   periods   from   3   to   24   months. We   can   also   offer   medium-term   Base   Rate   Tracking   loans   from   2-5 years   duration.   Our   loans   are   secured   on   freehold   property   across England and Wales. You    will    always    speak    to    a    decision    maker    who    will    take    time    to understand you and your situation. For a confidential discussion in the first instance contact us on:   Tel 03332 400 506   Email enquiry@centralbridging.co.uk Online
Central Bridging, 34 Queen Anne Street, London, W1G 8HE Tel: 03332 400 506  Email: enquiry@centralbridging.co.uk Web: www.centralbridging.co.uk Central Bridging is a trading style of Central Bridging Loans Ltd. Registered in England & Wales | Company Registration Number 07728274. Central Bridging is not regulated by the Financial Conduct Authority (FCA). All loans arranged by Central Bridging are non regulated contracts as defined under The Financial Services and Markets (Regulated Activities) Order 2001 and the Financial Service and Markets Mortgage Credit Directive Order 2015. © Copyright Central Bridging Loans Limited Privacy Policy
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NON-STATUS

BRIDGING LOANS

KNOWLEDGE BASE

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